An exceptional opportunity to acquire a newly constructed, 23-unit multifamily property located at 2321 NW 22nd Avenue in Miami, Florida. Completed in June 2023, this four-story asset features modern architecture, high-quality finishes, and 29 covered parking spaces. With a stable in-place NOI of $480,918 and 96% of units currently leased, the property offers immediate cash flow with additional upside potential (Building have 12 storage units). Strategically positioned in one of Miami’s rapidly evolving neighborhoods, the property benefits from excellent connectivity to major transportation corridors, employment centers, and a diverse mix of retail, dining, and entertainment destinations. Additionally, the property is located within a designated Opportunity Zone, providing investors with significant long-term tax advantages. The property is being offered at $238 by SF, which represents a considerably discount to repositioning cost, creating an attractive basis for investors.

The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on August 20, 2026

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Basic Information

List Price$9,500,000
MIAMIA12042743
MlsStatusActive
Net Operating Income$480,918
Operating Expense197291
PublicSurveyRange31
Rent IncludesGardener, PestControl, Sewer, Trash Collection, Water
Square Feet40,199
Total Actual Rent$678,209
Virtual TourView Tour

Amenities

PoolFeaturesNone

Tax Information

Tax Year2025
Taxes$2,025

Location

Area31
Building Number2311
CountyMiami-Dade
SubdivisionAllapattah Highlands Add
Zip33142

Property

Lot DescriptionQuarterToHalfAcreLot, SprinklersAutomatic
Parking Total29
Zoning6101

Utilities

CoolingCentral Air
Heat SystemCentral
SewerPublic Sewer
UtilitiesCable Available

Basic Information

Property SubTypeQuadruplex
StatusActive

Building

Building Area Total40,199
Construction MaterialsBlock
Property StyleFourplex
Stories4
Year Built2023

Interior

FlooringLaminate

Exterior

Exterior FeaturesSecurityHighImpactDoors
RoofConcrete

Other

View Count4

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Grier Allen

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