Two-Unit Duplex
For Sale
Contact for pricing
1021 NW 28th St, Miami, FL 33127
Two living units support flexible rental or owner-user arrangements in an established Miami residential setting.
Property Size1,648 SF
Lot Size0.14 Acres
Price / SF$333.74
Days on Market58
Property Features for 1021 NW 28th St
General Information
Standard status
Active
Size
1,648 SF
Lot size
0.14 Acres
Property subtype
Multifamily
Zoning
5700
Additional Details
Multifamily Units
2
Building Details
Year Built
1947
Listing Agency:
Beachfront Realty, Inc. Miami Beach
Listed By:
MARILINA APFELBAUM · License #0662372
(305) 405-0615
Source:
Crexi
Added: Aug 25
Changed: Oct 17
Last Checked: Oct 20 at 5:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachfront Realty, Inc. Miami Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Miami duplex contains two living units with a combined layout of 4 bedrooms and 2 bathrooms. The property was built in 1947 and occupies a 6,153-square-foot lot at 1021 NW 28th St. Its existing duplex configuration provides separate residential spaces within a compact multifamily asset.
The property is positioned near Allapattah, with surrounding development, employment, dining, shopping, and major transportation corridors identified in the immediate area. Its location in Miami places the asset within an active urban residential and investment context.
The property is positioned near Allapattah, with surrounding development, employment, dining, shopping, and major transportation corridors identified in the immediate area. Its location in Miami places the asset within an active urban residential and investment context.
Key Highlights
- Two‑unit duplex configuration
- 4 bedrooms and 2 bathrooms
- 6,153‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,052
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,040
$661.0K
Cap Rate 7%
$472,171
$472.2K
Cap Rate 9%
$367,244
$367.2K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$50.4K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$47.2K $28.65/SF
− OpEx
−$14.2K −$8.60/SF
NOI
$33.1K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,040
Cap Rate 7%
$472,171
Cap Rate 9%
$367,244
Alternative Uses
Best Use
Multifamily LT 5
$472.2K
$413.2K – $550.9K
NOI $33,052 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$434.9K
$380.6K – $507.4K
NOI $30,444 @ 7.0% cap · market cap 5.54%
Theoretical Best
Specialty Retail
$1.11M
$973.4K – $1.30M
NOI $77,869 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two living units support flexible rental or owner-user arrangements in an established Miami residential setting.
Where is this duplex located?
The property is located at 1021 NW 28th St Miami, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 4 bedrooms and 2 bathrooms; 6,153‑square‑foot lot
