Duplex with Copper
For Sale
$625,000
1321 Northwest 28th Street, Miami, FL 33142
Two month-to-month residences feature matching two-bedroom, one-bath layouts within a 1953 multifamily building.
Property Size1,404 SF
Price / SF$445.16
Days on Market223
Property Features for 1321 Northwest 28th Street
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Residential Income / Duplex
Property Condition
Severity
Repairs Needed
Evidence
room for upgrading
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$5,200
Taxes and HOA fees
Annual Taxes
$7,580
Building Details
Year Built
1953
Listing Agency:
Miami Residential Group
Listed By:
Cuindney Mantilla · License #3325552
(305) 647-2663
Source:
Compass
Added: Mar 13
Changed: Oct 19
Last Checked: Oct 20 at 11:28PM
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 Miami Residential Group
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Investment Insights
Based on property information with market context.
This Miami duplex contains 2 units, with each residence offering 2 bedrooms and 1 bathroom. The building encompasses 1,404 square feet and was constructed in 1953. Both leases are month to month, providing a straightforward existing occupancy structure.
Property systems include a roof installed in 2012, plumbing updated in 2016, copper electrical wiring, and an A/C compressor installed in 2025. The asset is located at 1321 Northwest 28th Street in Miami, Florida 33142.
Property systems include a roof installed in 2012, plumbing updated in 2016, copper electrical wiring, and an A/C compressor installed in 2025. The asset is located at 1321 Northwest 28th Street in Miami, Florida 33142.
Key Highlights
- 2‑unit duplex with 1,404 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,158
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,160
$563.2K
Cap Rate 7%
$402,257
$402.3K
Cap Rate 9%
$312,867
$312.9K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$43.0K $30.60/SF
− Vacancy
−$2.7K −$1.95/SF
EGI
$40.2K $28.65/SF
− OpEx
−$12.1K −$8.60/SF
NOI
$28.2K $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%
$563,160
Cap Rate 7%
$402,257
Cap Rate 9%
$312,867
Alternative Uses
Best Use
Multifamily LT 5
$402.3K
$352.0K – $469.3K
NOI $28,158 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$947.7K
$829.3K – $1.11M
NOI $66,340 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two month-to-month residences feature matching two-bedroom, one-bath layouts within a 1953 multifamily building.
Where is this duplex located?
The property is located at 1321 Northwest 28th Street Miami, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2‑unit duplex with 1,404 square feet; Each unit includes 2 bedrooms and 1 bathroom; Month‑to‑month leases
