About This Home

This 8-bedroom, 0-bathroom multi-family at 3191 SW 23rd St in Miami, FL is listed for $1,580,000 ($355 per sqft). Built in 1969, the home offers 4,452 sqft of living space on a N/A lot.

Key Features

  • Built in 1969
  • 2 stories
  • 10 parking spaces

Property Details

2 stories
4 full
10 spaces
1969

Amenities

A/C
Listing Description

Prime 6-unit multifamily investment opportunity in a high-demand Miami location, just minutes from Coral Gables, Coconut Grove, and Downtown. Property features a mix of 2-bedroom/1-bath and 1-bedroom/1-bath units on a 7,325 SF lot. Fully occupied with long-term tenants, providing stable in-place income.

Current rents are below market, offering significant value-add potential and strong upside through rent repositioning. Recent capital improvements include updated electrical panels, completed 40-year recertification, and hurricane shutters. Ample on-site parking with additional street parking. Centrally located with immediate access to major roadways, employment centers, and Miami International Airport. Pro forma cap rate available upon request.

Monthly Cost Estimate

$8,450/mo

20% down · 6.5% · 30 years

Principal$1,143
Interest$6,847
Insurance$461

Estimates only. Actual payments may vary.

Location

3191 SW 23rd St

Miami, FL 33145

MIAMI SUBURBAN ACRES

Features & Amenities

Exterior Features

Storm/Security Shutters

Property Details

Flooring

Tile

Construction

Block

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 8-bedroom, 0-bathroom multi-family at 3191 SW 23rd St is listed at $1,580,000 ($355/sqft). The estimated monthly payment is $8,450 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1969, 2 stories, 10 parking spaces. Exterior Features: Storm/Security Shutters.

This property is listed by Hillevi Simon.

HS

Hillevi Simon

License 3306526

Agent at Roger Portaro

Listed by Roger Portaro · Broker phone: (954) 275-3100 · View on Broker Site · Broker website

MLS# A12096429· Source: Miami REALTORS®· 2 days on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3191 SW 23rd St, Miami, FL 33145

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