Description

Attention investors and developers! Rare opportunity to acquire two contiguous lots totaling 11,040 square feet in the heart of Allapattah, one of Miami’s fastest-growing neighborhoods—portfolio sale includes adjacent land parcel
A11959678 (separate folio) Zoned T4-R and strategically positioned on the NW 27th Avenue corridor, immediately west of the vibrant Wynwood Arts District. The property features an income-producing 5-unit multifamily building with four 1-bedroom/1-bath units plus one spacious 4-bedroom/3-bath unit, all with individual utility meters for water, electricity, and gas to maximize cash flow efficiency. Located in a high-traffic commercial corridor with exceptional growth potential and superior connectivity—just minutes from Wynwood, the Health District, Downtown Miami, and major employment centers, with quick access to SR-836, I-95, and the Airport Expressway. Prime redevelopment opportunity: hold and collect income or capitalize on T4-R zoning for value-add development while the included adjacent lot provides immediate expansion possibilities. Outstanding investment in one of Miami’s most rapidly appreciating submarkets.

Address

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Address: 23rd Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33142
Area: WESTHAVEN

Details

Updated on February 7, 2026 at 4:48 am

Property ID A11956823
Price $1,250,000
Property Size 5327 Square Feet
Year Built 1926
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Attached
BuildingAreaTotal 5327
BuildingAreaUnits Square Feet
BuildingName WESTHAVEN
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-02-01
Cooling Central Air
DaysOnMarket 5
DocumentsAvailable Copy Of Lease(S)
ExpirationDate 2027-02-01
Flooring Tile
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-442-7626
ListingTerms All Cash, Conventional
LotFeatures 1/4 To Less Than 1/2 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Westhaven
MajorChangeTimestamp February 5, 2026 at 09:45pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp February 6, 2026 at 02:40pm
NetOperatingIncome 9032633
NumberOfUnitsInCommunity 4
NumberOfUnitsTotal 6
OnMarketDate 2026-02-01
OperatingExpense 1647367
OriginalEntryTimestamp February 5, 2026 at 09:45pm
OriginalListPrice 1250000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-27-026-0370
ParkingTotal 6
PhotosChangeTimestamp February 6, 2026 at 02:45pm
PhotosCount 11
PostalCodePlus4 7357
PriceChangeTimestamp February 2, 2026 at 04:00am
PublicSurveyRange 31
PublicSurveySection 27
PublicSurveyTownship 31
RentIncludes None
Roof Other
Sewer Public Sewer
ShowingInstructions 24 Hour Notice
SourceSystemKey 426208046
StateOrProvince FL
StatusChangeTimestamp February 5, 2026 at 09:45pm
Stories 2
StoriesTotal 2
StreetDirPrefix NW
StreetName 23rd Ave
StreetNumber 2610
StreetNumberNumeric 2610
StructureType Quadruplex, Fourplex
SyndicationRemarks Attention investors and developers! Rare opportunity to acquire two contiguous lots totaling 11, 040 square feet in the heart of Allapattah, one of Miami's fastest-growing neighborhoods—portfolio sale includes adjacent land parcel A11959678 (separate folio) Zoned T4-R and strategically positioned on the NW 27th Avenue corridor, immediately west of the vibrant Wynwood Arts District. The property features an income-producing 5-unit multifamily building with four 1-bedroom/1-bath units plus one spacious 4-bedroom/3-bath unit, all with individual utility meters for water, electricity, and gas to maximize cash flow efficiency. Located in a high-traffic commercial corridor with exceptional growth potential and superior connectivity—just minutes from Wynwood, the Health District, Downtown Miami, and major employment centers, with quick access to SR-836, I-95, and the Airport Expressway. Prime redevelopment opportunity: hold and collect income or capitalize on T4-R zoning for value-add development while the included adjacent lot provides immediate expansion possibilities. Outstanding investment in one of Miami's most rapidly appreciating submarkets.
TaxAnnualAmount 12993
TaxLegalDescription WESTHAVEN PB 6-95 LOT 17 BLK 2 LOT SIZE 5520 SQUARE FEET OR 14149-2878 0689 4 COC 21951-0812 12 2003 2
TaxYear 2025
TotalActualRent 10680000
YearBuiltDetails Resale
Zoning 3900