Multifamily Property with
2168 NW 28 Street, Miami, FL 33142
For Sale
$1,100,000
Residential Income, Miami, FL
Property Size2,822 SF
Price / SF$389.79
Days on Market279
Property Features for 2168 NW 28 Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Full bathrooms
Rooms
Subdivision
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Lisa Feltrinelli · License FL #3231741
(954) 553-5546
Added: Feb 5
Changed: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# F10549298
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 2168 NW 28 Street in Miami, this 2,822-square-foot multifamily property comprises a five-bedroom, three-bathroom house and a two-story duplex with two three-bedroom, one-bathroom apartments. Both structures are occupied. The buildings date to 1936 and feature block construction, impact windows installed in December 2023, and new roofs.
The property is near Wynwood and the Miami Design District, with access to I-95 and SR 836 and a short drive to Miami International Airport. The listing describes both structures as occupied and showings as appointment-only.
The property is near Wynwood and the Miami Design District, with access to I-95 and SR 836 and a short drive to Miami International Airport. The listing describes both structures as occupied and showings as appointment-only.
Key Highlights
- Three occupied residences: a 5‑bedroom, 3‑bathroom house and two 3‑bedroom, 1‑bathroom duplex units
- 2,822 square feet across two structures
- Impact windows installed December 2023; new roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,132
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,640
$1.0M
Cap Rate 7%
$744,743
$744.7K
Cap Rate 9%
$579,244
$579.2K
Market Conditions
NOI Build-Up for 2,822 SF
Gross rent
$101.6K $36.00/SF
− Vacancy
−$6.8K −$2.41/SF
EGI
$94.8K $33.59/SF
− OpEx
−$42.7K −$15.11/SF
NOI
$52.1K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,042,640
Cap Rate 7%
$744,743
Cap Rate 9%
$579,244
Alternative Uses
Best Use
Apartment 5plus
$744.7K
$651.7K – $868.9K
NOI $52,132 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,341 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,965
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 Multifamily properties in Miami, FL
Properties on Market for Multifamily properties in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three occupied residences include a five-bedroom house and a separate duplex with two three-bedroom units.
Where is this multifamily property located?
The property is located at 2168 NW 28 Street Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three occupied residences: a 5‑bedroom, 3‑bathroom house and two 3‑bedroom, 1‑bathroom duplex units; 2,822 square feet across two structures; Impact windows installed December 2023; new roofs
