48 NW 23 AVE, Miami, FL 33125

48 NW 23 AVE, Miami, FL 33125 is a 8-bedroom, 4-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1947 with 2,825 square feet of living space on a 7,800 square foot lot. The property is currently owned by IO HOLDINGS LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2013-04-15 for $265,000, when DE LA PARTE HOLDINGS I LLC sold to IO HOLDINGS LLC. The property has appreciated $264,900 (264900%) since the prior sale of $100 on 2012-02-09. There are 3 recorded sales for this property.

The 2025 assessed value is $489,581 with a market value of $668,780. This breaks down to $585,000 for the land and $83,780 for the building. The assessed value increased 10% from $445,074 in 2024.

This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X. The median household income in this area is $47,583, and the median home value is $434,600.

The population density is 17,311 people per square mile. 48 NW 23 AVE, Miami, FL 33125 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2011 to 2013, with 3 recorded transactions in the public record. The current assessed value represents 185% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal.

Based on the most recent sale, this property traded at $94 per square foot — a key metric for comparing value across Miami's real estate market..