Multifamily Investment in Miami
2168 NW 28 Street, Miami, FL 33142
- Added:
- Feb 5, 2026
- Days on Market:
- 115
- Last Refresh:
- May 31 at 3:06 am
Property Features for 2168 NW 28 Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 3900
- Bedrooms
- 11
- Rooms
- Bathroom 5, Bedroom 9, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 11, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 10, Bedroom 6, Bathroom 4
- Standard status
- Active
- APN
- 0131270440030
- Size
- 2,822 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- DANKWARDTS SUB AMD PL PB 16-20 LOT 3 LESS N10FT & E10FT LOTS 4 TO 6 LESS N10FT OF E10FT LOT 4 & N2FT OF E12FT OF LOT 8 & N2FT OF W38FT OF LO
- Tax Annual Amount
- 15900
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1936
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile
- Building materials
- Block
- Roof type
- Shingle, Composition
Listing agent Lisa Feltrinelli License #3231741 (954) 553-5546
Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL (954) 545-5583
Listing date Feb 5, 2026
MLS# F10549298
Listing URL
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑growth Miami submarket location near Wynwood and the Design District.
- Strong income potential with projected market rents of $9,900/month ($118,800 annually).
- Zoned T4‑R, offering flexibility for higher‑density redevelopment or repositioning.
- Unit mix includes one 5BD/3BA (configured as a 4BD/2BA plus studio) and two 3BD/1BA units.
- Impact windows installed Dec 2023.
- Centrally located with strong rental demand, minutes to Miami International Airport and convenient access to I‑95 and SR 836.
Overview
This multifamily property presents an investment opportunity in a high-growth Miami submarket, situated near Wynwood and the Miami Design District. The unit mix includes one 5-bedroom, 3-bathroom unit (configured as a 4-bedroom, 2-bathroom plus studio) and two 3-bedroom, 1-bathroom units. Impact windows were installed in December 2023. The property features a 2009 asphalt shingle/roll-up roof. Zoned T4-R, the property offers flexibility for higher-density redevelopment or repositioning. Strong income potential exists with projected market rents of $9,900 per month ($118,800 annually), with upside through unit upgrades. The property is centrally located with strong rental demand, minutes from Miami International Airport and with convenient access to I-95 and SR 836. It is close to major employment centers and retail. The property is ideal for investors seeking cash flow. The property size is 2,822 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $30.60 |
| − Vacancy | −$5.5k | −$1.95 |
| EGI | $80.9k | $28.65 |
| − OpEx | −$24.3k | −$8.60 |
| NOI | $56.6k | $20.06 |
2,822 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$808.5K
$707.5K – $943.3K
NOI $56,597 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$744.7K
$651.7K – $868.9K
NOI $52,132 @ 7.0% cap · market cap 5.22%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,341 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.231119
- Latitude
- 25.801632
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Multifamily property near Wynwood and Miami Design District.
Where is this triplex located?
The property is located at 2168 NW 28 Street Miami, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: High‑growth Miami submarket location near Wynwood and the Design District.; Strong income potential with projected market rents of $9,900/month ($118,800 annually).; Zoned T4‑R, offering flexibility for higher‑density redevelopment or repositioning.
