2-Unit
For Sale
$525,000
1075 NW 28th Street, Miami, FL 33127
Two one-bedroom residences occupy a duplex completed in 1947.
Property Size1,266 SF
Lot Size0.16 Acres
Days on Market63
Property Features for 1075 NW 28th Street
General Information
Standard status
Active
Size
1,266 SF
Lot size
0.16 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,201
Building Details
Building Size
1,266 SF
Year Built
1947
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel A Fuentes · License #3403804
(305) 915-3492
Source:
Silverleafrealtygroup
Added: Aug 20
Changed: Oct 16
Last Checked: Oct 19 at 2:23PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each configured with one bedroom and one bathroom. The building was completed in 1947 and sits on a 7,000-square-foot lot.
The property is in Allapattah, within two blocks of the Rubell Museum. Its Miami-Dade location places the asset in a neighborhood identified in the property information as undergoing substantial change.
The property is in Allapattah, within two blocks of the Rubell Museum. Its Miami-Dade location places the asset in a neighborhood identified in the property information as undergoing substantial change.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom per residence
- 7,000‑square‑foot lot
- Building completed in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,390
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,800
$507.8K
Cap Rate 7%
$362,714
$362.7K
Cap Rate 9%
$282,111
$282.1K
Market Conditions
NOI Build-Up for 1,266 SF
Gross rent
$38.7K $30.60/SF
− Vacancy
−$2.5K −$1.95/SF
EGI
$36.3K $28.65/SF
− OpEx
−$10.9K −$8.60/SF
NOI
$25.4K $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%
$507,800
Cap Rate 7%
$362,714
Cap Rate 9%
$282,111
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.4K – $423.2K
NOI $25,390 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$334.1K
$292.3K – $389.8K
NOI $23,387 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$854.6K
$747.7K – $997.0K
NOI $59,819 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences occupy a duplex completed in 1947.
Where is this duplex located?
The property is located at 1075 NW 28th Street Miami, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom per residence; 7,000‑square‑foot lot; Building completed in 1947
