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955 W 23rd St, 
Hialeah, FL 33010

$1,250,000


Bed


Bath


3,544

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Mauricio Villasuso

Marcel Perez

Fausto Commercial Realty Consultants Inc

786-748-7373

Last updated:

May 30, 2026, 09:55 AM

MLS#

A11993310

Source:

SEFMLS

About This Home

955 W 23rd St

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.

Home Facts

Multi-Family

Built in 1969

Price Summary

1,250,000

$352 per Sq. Ft.

MLS #:

A11993310

Last Updated:

May 30, 2026, 09:55 AM


Rooms & Interior

Interior

Living Area:

3,544 Sq. Ft.


Structure

Structure

Architectural Style:

Fourplex

Building Area:

3,544 Sq. Ft.

Year Built:

1969


Finances & Disclosures

Finances

Price:

$1,250,000

Price per Sq. Ft:

$352 per Sq. Ft.

Source:SEFMLS
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.