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    Allapattah Fourplex with Rental Upside Title is generated by Realmo AI

    3126 NW 28th St, Miami, FL 33142

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    For Sale
    $950,000

    Fourplex, Quadruplex - Miami, FL

    Type:Quadruplex
    Property size:
    2,409 SF
    Price / SF:
    $394/SF
    Added:
    May 15, 2026
    Days on Market:
    26
    Last Refresh:
    Jun 9 at 2:06 am

    Property Features for 3126 NW 28th St

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Zoning
    5100
    Parking
    8
    Standard status
    Active
    APN
    30-31-28-006-1440
    Size
    2,409 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10668

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Javier Ubeda

    Listing agent Javier Ubeda License #3358462

    Listing office Compass Florida, LLC 1212 Lincoln Rd, Miami, FL

    Listing date May 15, 2026

    MLS# A12018716 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    Located in Allapattah, this multifamily property contains four units that have been renovated and offer rental upside. The property includes two 2-bedroom units, one 1-bedroom unit, and one studio. There are 8 parking spaces available. The property size is 2409 square feet. The 40/50 years recertification was completed in 2026. The zoning is 5100.

    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 $73.7k $30.60
    − Vacancy −$4.7k −$1.95
    EGI $69.0k $28.65
    − OpEx −$20.7k −$8.60
    NOI $48.3k $20.06
    2,409 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $690.2K
    $603.9K – $805.2K (±1% cap)
    NOI $48,314 @ 7.0% cap · market cap 5.09%
    Second Best
    Apartment 5plus
    $635.7K
    $556.3K – $741.7K (±1% cap)
    NOI $44,502 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Specialty Retail
    $1.63M
    $1.42M – $1.90M (±1% cap)
    NOI $113,826 @ 7.0% cap · market cap 11.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.24646
    Latitude
    25.801228

    FAQs

    What type of property is this?
    Quadplex - Renovated four-unit property in Allapattah with rental upside.
    Where is this quadplex located?
    The property is located at 3126 NW 28th St Miami, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    More about this property
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