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Listed price in listed location currency (USD).
$1,250,000

004

MLS® A11993310

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3544 sqft
Garage 
Taxes $11,990
Days Active 35
Lot Size 
Approx. Age 1969
Avg. Price Per Sqft $352
MLS® Number A11993310

Property Address: 955 W 23rd St, Hialeah, FL, 33010-2041

Average square foot calculated using Size range provided by listing agent.

Description

This 1969 four-plex is situated on a prime corner lot, offering a high-yield, turnkey acquisition for investors targeting one of Miami’s most resilient rental sub-markets. The building consists of four spacious 2-bedroom, 1-bathroom units, featuring a private and functional layout of two units per floor. The asset has been significantly de-risked with major capital improvements, including a new roof (2025), a completed 40-year recertification, and on-site laundry facilities. Each unit is equipped with individual mini-split AC systems, allowing for decentralized maintenance and efficient utility management. The property presents a compelling value-add opportunity, as current rents sit significantly below the local market average. With a current monthly gross of $5, 500 and a conservative pro forma potential of $8, 400/mo, an investor can realize an immediate increase in NOI through lease renewals and minor cosmetic updates. The building's CBS construction and placement on a 5, 300 SF lot—zoned R-3-5 (High-Density)—provides both immediate cash flow and long-term land value appreciation. Strategically located just minutes from Miami International Airport, the Okeechobee Metro-rail Station, and Palm Avenue corridor, this property caters to a stable workforce and a growing population of young professionals. This is an ideal asset for a portfolio growth play in a neighborhood where vacancy remains at historic lows.
MLS® NumberA11993310
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1969
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 2, 2026List Date
$1,250,000List Price
  • Commute

Commute

Starting Address
Destination Address
955 W 23Rd St, Hialeah, FL

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