3192 SW 23 TER, Miami, FL 33145

3192 SW 23 TER, Miami, FL 33145 is a 5-bedroom, 3-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1967 with 2,790 square feet of living space on a 9,750 square foot lot. The property is currently owned by R AND D ELECTRIC PROPERTIES 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 2019-01-18 for $477,800, when US BANK NATL ASSOC TRS sold to R AND D ELECTRIC PROPERTIES LLC. The property has appreciated $77,700 (19%) since the prior sale of $400,100 on 2018-11-26. There are 3 recorded sales for this property.

The 2025 assessed value is $708,361 with a market value of $961,296. This breaks down to $780,000 for the land and $181,296 for the building. The assessed value increased 10% from $643,965 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 $59,668, and the median home value is $368,400.

The population density is 18,571 people per square mile. 3192 SW 23 TER, Miami, FL 33145 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 2005 to 2019, with 3 recorded transactions in the public record. The current assessed value represents 148% 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 $171 per square foot — a key metric for comparing value across Miami's real estate market..