2637 NW 23rd Ct, Miami, FL 33142
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: chabelli gugliatto
Office: lokation954-545-5583
MLS#:A12002456
Source:SEFMLS
Price summary
- Price:$689,000
- Price per sq. ft.:$282.26
About this home
INCOME-PRODUCING DUPLEX WITH TRIPLEX POTENTIAL IN PRIME MIAMI LOCATION (T4-R ZONING)
Excellent opportunity to own a cash-flowing duplex in the heart of Miami’s rapidly growing Allapattah area. The property features two 1 bedroom, 1 bathroom + den units, with the den easily convertible into a second bedroom, maximizing both usability and rental potential.
Both units are currently occupied, generating $3,400/month in rental income. Current rents are $1,700 per unit, below market value, offering immediate upside through rental increases.
The property has undergone extensive recent improvements, including full exterior stucco and paint, roof improvements in 2025, a leveled backyard with new landscaping and turf, and a new chain link fence. Interior updates include fresh paint, a new refrigerator, updated bathroom vanity and toilet, and a new split A/C unit.
A standout feature is the detached CBS structure with electrical already in place, providing a near turnkey opportunity to convert into a fully separate third unit. Architectural plans are available, giving the next owner a clear path to expansion without starting from scratch.
Zoned T4-R, allowing up to 4 units, with parking up to 6 vehicles. Centrally located just minutes from Wynwood, the Design District, Brickell, and MIA Airport.
In-place income, below-market rents ready to be increased, and a near-complete third unit position this property for a significant increase in cash flow and overall return....
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Home facts
- Year built:1959
- Listing ID #:A12002456
- Updated:June 05, 2026 at 10:01 AM
Rooms and interior
- Flooring:Tile
- Living area:2,003 sq. ft.
Heating and cooling
- Cooling:Electric, Wall/Window Units
- Heating:Wall Furnace
Structure and exterior
- Roof:Shingle
- Year built:1959
- Building area:2,003 sq. ft.
- Construction Materials:Block
- Levels:1 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$689,000
- Price per sq. ft.:$282.26
- Tax amount:$9,426 (2025)
Parking
- Total parking spaces:6
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