Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    525 23Rd Ct Miami, FL 33125

    For Sale
    $697,000

    Two-unit duplex, high-growth potential, central Miami location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a charming two-unit duplex ideally situated in Miami, Florida. Built in 1947, this two-story building boasts a total of two units, each featuring two bedrooms and one bathroom. The property includes a convenient on-site laundry facility and ample parking with four designated spots. A sizable backyard adds to the property's appeal. The downstairs unit has undergone a complete renovation, showcasing modern updates. The property is constructed of concrete block, ensuring durability and longevity. Independent electrical meters provide efficient utility management for each unit. Located at 525 NW 23rd Ct, Miami, FL 33125, this property enjoys an enviable location, less than three miles from Miami International Airport, Wynwood, Downtown Miami, Brickell, Coconut Grove, and Coral Gables. The property's significant upside potential is highlighted by its zoning, which allows for substantial expansion. The existing structure could easily be doubled in size, adding an additional 1500 square feet, and further expansion up to 4,480 square feet is permissible under current zoning regulations. This presents a unique chance to significantly increase the property's value and rental income. Offered at $697,000, this duplex represents a compelling investment opportunity in a rapidly appreciating Miami market.

    Property Features for 525 23Rd Ct

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1947
    Stories
    2
    Units
    2

    HighLights

    • $697,000 asking price.
    • Miami, FL multifamily investment opportunity.
    • Two‑unit duplex/triplex/quadruplex.
    • 1947 construction, two stories.
    • Centrally located near Miami International Airport, Wynwood, Downtown, Brickell, Coconut Grove, and Coral Gables.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2333442
    Latitude
    25.7784469

    Nearby Similar for Sale

    • New
      $2,350,000

      Miami Multifamily Short-Term Rental Property

      Boutique 5-unit apartment community in Miami's Qualified Opportunity Zone.
      1053 NW 29Th St, Miami, FL 33127
      View Details
    • $1,275,000
      3,892 SF

      Miami Fourplex with Income Potential

      Residential income property in Miami, featuring a pool and gated entry.
      14500 NE 2Nd St, Miami, FL 33161
      View Details
    • $3,850,000

      New Multifamily Units in Miami

      Newly built 10-unit multifamily property in a growing Miami area.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,850,000
      7,000 SF

      Miami Multifamily Investment Opportunity

      New 10-unit multifamily property in Little Havana.
      1037 NW 2Nd St, Miami, FL 33128
      View Details
    • $3,500,000

      Remodeled Corner Office Suite, Miami

      Completely remodeled corner office suite in the heart of Miami's financial district.
      1110 Brickell Ave, Miami, FL 33131
      View Details
    • $2,100,000

      Redevelopment Opportunity in Miami, FL

      Two lots totaling 14,000 sq. ft. ideal for redevelopment.
      1750 NW 7Th St, Miami, FL 33125
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two-unit duplex, high-growth potential, central Miami location.
    Where is this multifamily property located?
    The property is located at 525 23Rd Ct Miami, FL.
    What is the asking price?
    The asking price for this property is $697,000.
    What are key features of this property?
    This property features: $697,000 asking price.; Miami, FL multifamily investment opportunity.; Two-unit duplex/triplex/quadruplex.
    Request Owner's contact information
    525 23Rd Ct Miami, FL 33125
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    525 23Rd Ct
    Miami, FL 33125
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    525 23Rd Ct Miami, FL 33125
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.