955 W 23rd St

Beds
Baths
3,544 Sq. Ft.
$353 / Sq. Ft.
3,544
Sq. Ft.
$353
per Sq. Ft.

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...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.
  1. Listed by Mauricio Villasuso • Fausto Commercial Realty Consultants Inc
    P: (786)-748-7373 C: (305)-340-8901 mv@faustocommercial.com
  2. Listed by Marcel Perez • Fausto Commercial Realty Consultants Inc
    P: (786)-748-7373 C: (786)-853-5611 marcel@faustocommercial.com

Property Details for 955 West 23rd Street

Subdivision
HIA HOMESITES 1ST ADDN
Style
Fourplex
Waterfront
No
Area
32
Auction
No
Total Units
4
Num Stories
2
Sq Ft Total
3544
LISTING UPDATED: 04/02/2026 04:00 PM

Property Details for 955 West 23rd Street

StatusActive
MLS #A11993310
Days on Market22
Taxes$11,990 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1969
Lot Size0.12 AC / 5,300 SF
CountyMiami-Dade County

Location

Listing Courtesy of Fausto Commercial Realty Consultants Inc
Add your commute

Building Information for 955 West 23rd Street

Stories-Residences4Year Built1969Building Size-Lot Size0.12 AC / 5,300 SF

Payment Calculator

$7,294 per month

30 year fixed, 6.46% Interest

Principal and Interest

$6,294

Property Taxes

$999

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 955 West 23rd Street

Location Information
Location Information
  • Parcel Number Free Text: 04-30-12-019-0292
  • Parcel Number MLX: 0292
  • MLS Area: 32
  • Municipal Code: 4
  • Township Range: 30
  • Section: 12
  • Subdivision Number: 19
  • Subdivision Complex Bldg: HIA HOMESITES 1ST ADDN
  • Unit Count: 4
  • Zoning Information: 4600
General Information
Parking
  • Num Parking Spaces: 4
General Information
  • Property Type Information: Detached
  • County Land Code: 08
  • Approximate Lot Size: 5300
  • Lot Description: Less Than 1/4 Acre Lot, Corner Lot
  • Spa: No
  • Pool: No
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Concrete Roof
  • Flooring: Terrazzo Floors
  • Floor Description: Terrazzo Floors
Additional Property Information
Utilities
  • Heating Description: Electric Heat, Reverse Cycle Unit
  • Cooling Description: Electric Cooling, Wall/Window Unit Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: No
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Lawn Care, Pest Control, Sewer, Trash Removal, Water
  • Exterior Features: Exterior Lights, Fence, Hurricane Shutters, Laundry Facility
  • Storm Protection: Complete Accordian Shutters
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: AH
  • Tax Year: 2025
  • Tax Information: Tax Reflects City & County Tax
  • Special Information: Documents Available
  • Information Available: Accounting Statements, Copy Of Lease(S), Rent Rolls, Existing Survey

Property History for 955 West 23rd Street

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Listed (Active)

MiamiRE #A11993310

$1,250,000
DateEvent & SourcePrice
03/24/2026

Listed (Active)

MiamiRE #A11993310

$1,250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 955 West 23rd Street

Taxable ValueLand$153,700Additions$516,100Total$669,800
Tax Record2025$12,490 ($1,041 / month)
Home Facts
Total Finished SqFt3,544 SqFtAbove Grade Finished SqFt3,544 SqFtStories2Lot Size5,300 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969Zoning4600:MULTI-FACountyMIAMI-DADEAPN04-3012-019-0292

Schools near 955 West 23rd Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Henry H. Filer Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

955 West 23rd Street is a multi-family home for sale in Hialeah, FL 33010. This property was listed for sale on March 24, 2026 by Fausto Commercial Realty Consultants Inc, it's currently listed at $1,250,000. This listing's school district is Miami-Dade County Public Schools. Nearby schools include James H. Bright Elementary/J.W. Johnson Elementary School, Air Base K-8 Center for International Education and Henry H. Filer Middle School. 955 West 23rd Street is a 0-bed, 0-bath, 3,544 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fausto Commercial Realty Consultants Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.