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955 W 23rd St Hialeah, FL $ 1,250,000
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$ 1,250,000 Get more info
955 W 23rd St
$ 1,250,000
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955 W 23rd St

Hialeah, FL, 33010
$ 1,250,000
Bedrooms2 Baths1.0 Sq 3,544

Monthly Estimate*

$ 7,696

955 W 23rd St, Hialeah, FL 33010 - Image 1
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Multi-Family Home for sale in Hialeah, FL

for $1,250,000 with 2 bedrooms and 1 full bath. This 3,544 square foot home was built in 1969.

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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Multi-Family Active

Price

$ 1,250,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 11,990

Style

Year Built

1969

Town/City

Hialeah

County/Region

Miami-Dade

MLS | Web ID

A11993310
Features
General
Sewer Public Sewer
Heating Electric Heat Pump
Cooling Electric Wall/Window Unit(s)
Utilities Cable Not Available
Possession Closing & Funding Close Of Escrow
Roof Concrete
Architectural Style Fourplex
Pool Features None
Construction Materials Block
Year Built 1969
Stories Count 2
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Community Features Laundry Facilities
County Miami-Dade
Net Operating Income 42208
Operating Expense 38892
Property Type Residential Income
Subdivision Name HIA HOMESITES 1ST ADDN
Rent Includes Gardener Pest Control Sewer Trash Collection Water
Full Baths 1
Status Active
City Hialeah
Zoning Description 4600
Number Of Units Total 1
MLS Area 32
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details Resale
Tax Annual Amount 11990
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11993310
Standard Status Active
Occupancy Type Tenant
Total Actual Rent 81100
Property Sub Type Additional Quadruplex
Legal Description PB 18-37 HIALEAH HOMESITES 1ST ADDN LOTS 21 & 22 BLK 5 LOT SIZE 5300 SQUARE FEET OR 14654-829 0890 1
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Interior
Flooring Terrazzo
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 2
Total Baths 0
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Exterior
Exterior Amenities Fence Lighting Storm/Security Shutters
Lot Features Corner Lot < 1/4 Acre
Water Source Public
Total Parking 4
Spa false
Building Area Total 3544
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Fausto Commercial Realty Consultants Inc

Broker

mv@faustocommercial.com

Email

Affordability Calculator

$8,696
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,696
Monthly Property Taxes
$999
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/2/2026 $1,250,000 Listed Price

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955 W 23rd St, Hialeah, FL, 33010 is a Multi-Family Home for sale at $1,250,000 with 3,544 sqft. 955 W 23rd St has 2 bedrooms, 1.0 baths, and was built in 1969. The property's zip code is 33010 which is in Hialeah, FL

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