2610 NW 23rd Ave
Miami, FL 33142 · multi_family · For Sale · 209 days on market
Asking price$1,250,000
7 beds 6 baths 5,327 sqft
Listed by Yilena Mendoza · Julies Realty, LLC
Typemulti_family
Built1926
Price / sqft$235
Est. value (own analysis)$1,735,696
Rent estimate (building total, own analysis)$13,371/mo
HOANone
Wind10/10Extreme$Flood4/10moderate$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-02-05
Removed date—
MLSMiamiMLS #A11956823
Coordinates25.80027, -80.23405
Address2610 NW 23rd Ave
CityMiami
StateFL
Zip33142
Listing ID5515822404
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33142)
Typical home value (ZHVI)$430,103
Typical rent (ZORI)$2,350/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $1,250,000 |
| Down payment (20.0%) | $250,000 |
| Loan amount | $1,000,000 |
| Closing costs (5.0%) | $62,500 |
| Total cash to close | $312,500 |
| Income | |
| Rent (estimate) | $13,371$160,449 |
| Vacancy loss (8.0%) | |
| Effective gross income | $12,301$147,613 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $1,979$23,750 |
| Insurance (est. scaled by flood & wind risk) | $1,333$16,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $669$8,022 |
| Total operating expenses | $3,981$47,772 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $669$8,022 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
Widened to any bedroom count in ZIP. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 1924 NW 27th St | multi_family | — | — | 2,899 | $1,050,000 | 2026-08-17 |
| 1784 NW 31st St | multi_family | — | 0 | — | $1,350,000 | 2026-08-13 |
| 4201 NW 17th Ave | multi_family | 3 | 3 | 3,607 | $365,000 | 2026-08-07 |
| 1411 NW 29th St | multi_family | 4 | 1 | 1,580 | $400,000 | 2026-08-06 |
| 1319 NW 60th St Apt 4 | multi_family | 14 | 8 | 5,728 | $1,275,000 | 2026-08-04 |
| 1786 NW 53rd St | multi_family | 2 | 2 | 936 | $450,000 | 2026-07-31 |
| 1247 NW 28th St | multi_family | 6 | 4 | 2,316 | $591,000 | 2026-07-31 |
| 3010-3012 NW 26th St | multi_family | — | — | 1,431 | $540,000 | 2026-07-30 |
| 3346 NW 34th St | multi_family | 4 | 2 | 1,968 | $530,000 | 2026-07-15 |
| 2729-2731 NW 44 St | multi_family | — | — | 2,358 | $780,000 | 2026-07-11 |
| 3710 NW 23rd Ct | multi_family | 2 | 2 | 1,148 | $355,000 | 2026-07-01 |
| 1376 NW 35th St | multi_family | — | — | 3,386 | $1,500,000 | 2026-07-01 |
| 5171-5173 NW 19th Ave | multi_family | — | — | 1,592 | $514,000 | 2026-06-30 |
| 1262 1264 Nw 46th St | multi_family | — | — | 1,674 | $450,000 | 2026-06-24 |
| 1498 NW 58th St | multi_family | 4 | 2 | 1,500 | $312,500 | 2026-06-24 |
| 1355-1357 NW 42nd St | multi_family | — | — | 3,530 | $1,120,000 | 2026-06-08 |
| 2009 NW 34th St | multi_family | — | — | 2,034 | $400,000 | 2026-06-05 |
| 2340 NW 23rd Ct | multi_family | 3 | 2 | 1,436 | $690,000 | 2026-06-02 |
| 1404 1406 Nw 60th St | multi_family | — | — | 1,533 | $440,000 | 2026-05-14 |
| 2521 NW 13th Ave | multi_family | 4 | 2 | 2,095 | $480,000 | 2026-05-13 |
| 2110 NW 34th St | multi_family | — | — | 2,295 | $650,000 | 2026-05-08 |
| 1877 NW 42nd St | multi_family | 3 | 1 | 2,134 | $450,000 | 2026-05-06 |
| 1533 NW 53rd St | multi_family | — | — | 1,500 | $585,000 | 2026-04-29 |
| 2512 NW 13th Ave | multi_family | 6 | 2 | 1,764 | $580,000 | 2026-04-21 |
| 2336 NW 60th St | multi_family | 4 | 1 | 1,448 | $360,000 | 2026-04-16 |
| 1542 NW 35th St | multi_family | — | — | 3,036 | $1,150,000 | 2026-04-16 |
| 4719 NW 32nd Ave | multi_family | — | — | 1,239 | $450,000 | 2026-04-13 |
| 3001 NW 22nd Ct | multi_family | 5 | 3 | 1,855 | $630,000 | 2026-04-10 |
| 3300 NW 31st Ave | multi_family | 4 | 2 | 1,580 | $265,000 | 2026-04-09 |
| 1875 NW 43rd St | multi_family | — | — | 1,698 | $520,000 | 2026-04-08 |
| 2967 NW 30th St | multi_family | 5 | 3 | 2,916 | $520,000 | 2026-04-07 |
| 1331 NW 58th Ter | multi_family | 2 | 2 | 840 | $530,000 | 2026-04-02 |
| 2160 NW 23rd Ct | multi_family | — | — | 1,955 | $690,000 | 2026-04-01 |
| 9596861224 | multi_family | 5 | 3 | 1,855 | $630,000 | 2026-03-27 |
| 5821 NW 30th Ave | multi_family | — | — | — | $791,000 | 2026-03-25 |
| 1240 NW 38th St | multi_family | 2 | 2 | 928 | $445,000 | 2026-03-20 |
| 2490 NW 44th St | multi_family | 4 | 4 | 1,998 | $750,000 | 2026-03-12 |
| 3011 NW 14th Ave | multi_family | 5 | 3 | 1,866 | $620,000 | 2026-03-12 |
| 2126 NW 47th Ter | multi_family | — | — | 1,560 | $580,000 | 2026-03-10 |
| 2238 NW 34th St | multi_family | — | — | 1,271 | $435,000 | 2026-03-04 |
| 1809 NW 47th Ter | multi_family | 3 | 1 | 1,512 | $295,000 | 2026-03-03 |
| 3815 NW 13th Ave | multi_family | — | — | 2,150 | $760,000 | 2026-02-26 |
| 2917 NW 23rd Ave | multi_family | — | — | 1,850 | $625,000 | 2026-02-23 |
| 2035 NW 34th St | multi_family | 4 | 1 | 2,106 | $760,000 | 2026-02-09 |
| 4024 NW 23rd Ct | multi_family | 8 | 6 | 3,720 | $800,000 | 2026-02-09 |
| 4816 NW 21st Ave | multi_family | — | — | 1,532 | $375,000 | 2026-02-06 |
| 2974 NW 28th St | multi_family | — | — | 3,380 | $775,000 | 2026-02-02 |
| 4001 NW 15th Ave | multi_family | 4 | 2 | 1,450 | $590,000 | 2026-01-29 |
| 2180 NW 59th St | multi_family | 6 | 2 | 1,988 | $555,000 | 2026-01-26 |
| 5020 NW 14th Ave | multi_family | — | — | 1,500 | $520,000 | 2026-01-23 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| multi_family | 7 | 4 | 3,931 | $775,000 | — | |
| 2283 NW 35th St | multi_family | 7 | 4 | 2,700 | $765,000 | — |
| 2215 NW 33rd St | multi_family | 7 | 3 | 2,399 | $835,000 | — |
| 2737 NW 13th Ave | single_family | 7 | 3 | 1,253 | $499,000 | — |
| 3034 NW 33rd St | multi_family | 7 | 5 | 2,830 | $680,000 | — |
10-year hold projection
IRR14.9%
Equity multiple3.28x
Total return (10yr)$874,736
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $1,287,500 | $99,841 | $14,703 | $989,158 | $298,342 |
| 2 | $1,326,125 | $103,075 | $17,737 | $977,571 | $348,554 |
| 3 | $1,365,909 | $106,412 | $20,868 | $965,189 | $400,720 |
| 4 | $1,406,886 | $109,855 | $24,101 | $951,956 | $454,930 |
| 5 | $1,449,093 | $113,408 | $27,438 | $937,814 | $511,278 |
| 6 | $1,492,565 | $117,074 | $30,882 | $922,702 | $569,864 |
| 7 | $1,537,342 | $120,857 | $34,438 | $906,551 | $630,791 |
| 8 | $1,583,463 | $124,759 | $38,108 | $889,292 | $694,171 |
| 9 | $1,630,966 | $128,786 | $41,896 | $870,847 | $760,119 |
| 10 | $1,679,895 | $132,941 | $45,806 | $851,136 | $828,760 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.