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955 W 23rd Street

Hialeah, FL 33010
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$1,250,000 $5,270/Mo
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Bed 8

Bed

Bath 4

Bath

SqFt3,544

Sqft

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,250,000

AD Id : 76739630

MLS Id : A11993310

Beds : 8

Living Area Size : 3,544

Year Built : 1969

County : Miami-Dade

Subdivision: Hialeah Homesites

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Feature Features

  • Interior Features

    Roof: Concrete
    Laundry Features: Outside

  • Heating & Cooling

    Has Heating: Yes Heating: Electric, HeatPump, SeparateMeters Has Cooling: Yes Cooling: Electric, WallWindowUnits

  • Building Information

    Year Built: 1969
    Building Area Total: 3544
    Construction Materials: Block
    Private Pool: No

  • Exterior Features

    Exterior Features: Lighting

  • Lot Information

    Lot Dimensions: 5300 Lot Description: CornerLot

    Property Information

    Subdivision: HIA HOMESITES 1ST ADDN Source Property Type: ResidentialIncome Postal Code Plus 4: 2041 Property SubType: Quadruplex Property Age: 57

  • Listing Price Information

    Listing Price: $1250000
    Cash, Conventional

  • Tax Information

    Parcel Number: 0430120190292 Tax Year: 2025 Annual Tax: $11990 Tax Legal Desc: PB 18-37 HIALEAH HOMESITES 1ST ADDN LOTS 21 & 22 BLK 5 LOT SIZE 5300 SQUARE FEET OR 14654-829 0890 1

  • Parking Information

    Parking Total: 4

  • School Information

    Elementary School: James H. Bright / J.W. Johnson Junior High School: Henry H. Filer Senior High School: Westland Hialeah

  • Utility Information

    CableNotAvailable

  • Location Information

    WaterSource: Public
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59 E 10th Street, Hialeah, FL, 33010 $769,000 4 2 1,512 1,512 SqFt
42 E 13th Street, Hialeah, FL, 33010 $697,000 5 3 1,655 1,655 SqFt
2474 W 4th Ct, Hialeah, FL, 33010 $1,750,000 6 4 2,430 2,430 SqFt

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/06/2026 @ 01:45

MLS: A11993310 LISTED BY: Mauricio Villasuso, Fausto Commercial Realty Consultants Inc 786-748-7373 SOURCE: Beaches MLS

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