Duplex with Two
1321 NW 28th St, Miami, FL 33142
For Sale
$625,000
Each residence has two bedrooms, one bathroom, and a month-to-month lease.
Property Size1,404 SF
Price / SF$445.16
Days on Market169
Property Features for 1321 NW 28th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Miami Residential Group
Listed By:
Cuindney Mantilla · License FL #3325552
(203) 508-2407
Source:
Emporiore
Added: May 26
Changed: Nov 8
Last Checked: Nov 10 at 8:18PM
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 1,404-square-foot duplex, built in 1953, contains two residences. Each unit has two bedrooms and one bathroom, and both are leased month to month. The property is being offered in as-is condition. Building updates include a roof installed in 2012, plumbing work completed in 2016, and a replacement A/C compressor in 2025; the electrical wiring is copper.
The property is located at 1321 NW 28th St in Miami, Florida.
The property is located at 1321 NW 28th St in Miami, Florida.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,404 square feet; built in 1953
- 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.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,765
Businesses Nearby
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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
$298,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and a month-to-month lease.
Where is this duplex located?
The property is located at 1321 NW 28th St 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: Two units, each with 2 bedrooms and 1 bathroom; 1,404 square feet; built in 1953; Month‑to‑month leases
