2168 NW 28 Street Miami, FL 33142
MULTI_FAMILY - Miami, FL
Property Features for 2168 NW 28 Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 3900
- Bedrooms
- 11
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 9, Bedroom 10, Bathroom 5, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 11
- 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
- Composition, Shingle
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
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.
Investment Insights
Based on property information with market context.
The property is centrally located in Miami, near Wynwood and the Miami Design District. It offers convenient access to Miami International Airport and is described as minutes from the airport, with convenient routes to I-95 and SR 836. The listing notes proximity to major employment centers and retail.
Zoned T4-R, the asset may appeal to investors looking for either continued income generation or repositioning for higher-density redevelopment, subject to approvals. The current configuration is presented with projected market rents of $9,900 per month ($118,800 annually), with potential additional value from unit upgrades.
Key Highlights
- Multifamily property built in 1936 with block construction and tile flooring throughout
- Unit mix: one 5BD/3BA (currently configured as 4BD/2BA plus studio) and two 3BD/1BA units
- Projected market rents of $9,900/month ($118,800/year) with potential upside through unit upgrades
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 |
