2610 NW 23rd Ave Miami, FL 33142
Allapattah NeighborhoodEstimated payment $7,717/month
Highlights
- No HOA
- Tile Flooring
- Central Heating and Cooling System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,993
Year Built
- Built in 1926
Parking
- 6 Parking Spaces
Home Design
- Quadruplex
- Concrete Block And Stucco Construction
Interior Spaces
- 5,327 Sq Ft Home
- 2-Story Property
- Tile Flooring
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 01-31-27-026-0370
Community Details
Overview
- No Home Owners Association
- 4 Units
- Westhaven Condos
- Westhaven Subdivision
Building Details
- Operating Expense $1,647,367
- Net Operating Income $9,032,633
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,353 | $536,000 | -- | -- |
| 2024 | $10,796 | $487,273 | -- | -- |
| 2023 | $10,796 | $442,976 | $0 | $0 |
| 2022 | $9,015 | $402,706 | $0 | $0 |
| 2021 | $8,077 | $366,097 | $0 | $0 |
| 2020 | $7,238 | $353,870 | $110,400 | $243,470 |
| 2019 | $6,750 | $343,310 | $110,400 | $232,910 |
| 2018 | $6,149 | $332,659 | $99,360 | $233,299 |
| 2017 | $5,607 | $250,050 | $0 | $0 |
| 2016 | $5,110 | $227,319 | $0 | $0 |
| 2015 | $4,595 | $206,654 | $0 | $0 |
| 2014 | $4,738 | $207,417 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/01/2026 02/01/26 | For Sale | $1,250,000 | -- | $235 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11956823
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