Updated Duplex With Attached
For Sale
Under Contract
$550,000
2459 NW 28th ST, Miami, FL 33142
Residential Income, Miami, FL
Property Size1,445 SF
Price / SF$380.62
Days on Market124
Property Features for 2459 NW 28th ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Parking
4
Subdivision
MELROSE HEIGHTS 2ND SEC
Lot features
< 1/4 Acre
Standard status
Active Under Contract
APN
01-31-27-016-0000
Size
1,445 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
MELROSE HGTS 2ND SEC PB 19 44 LOTS 27 & 28 BLK 14 LOT SIZE 50 X 135 OR 9620 1113
Tax Annual Amount
7859
Legal Description
MELROSE HGTS 2ND SEC PB 19 44 LOTS 27 & 28 BLK 14 LOT SIZE 50 X 135 OR 9620 1113
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Building Details
Year built
1947
Floors in Building
1
Building materials
Block
Listing Agency:
Multiple Listing Solutions
(786) 295-7806
Listed By:
Fernando Corona · License #3027785
(305) 220-3506
Added: Jun 6
Changed: Sep 12
Last Checked: Oct 7 at 1:06AM
MLS# A11925018
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This block duplex, built in 1947, includes a two-bedroom, one-bath main residence and an attached one-bedroom, one-bath unit. Interior improvements include an updated kitchen, central A/C, walk-in closets, and new flooring throughout. The property also offers a large backyard and is described as move-in ready.
Located at 2459 NW 28th ST in Miami, the property is served by public sewer, with cable available. Its unit configuration supports separate residential accommodations while retaining the option to combine the spaces into a larger home, as described in the listing information.
Located at 2459 NW 28th ST in Miami, the property is served by public sewer, with cable available. Its unit configuration supports separate residential accommodations while retaining the option to combine the spaces into a larger home, as described in the listing information.
Key Highlights
- Two‑bedroom, one‑bath main residence with an attached one‑bedroom, one‑bath unit
- Updated kitchen, central A/C, walk‑in closets, and new flooring throughout
- Large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,980
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,600
$579.6K
Cap Rate 7%
$414,000
$414.0K
Cap Rate 9%
$322,000
$322.0K
Market Conditions
NOI Build-Up for 1,445 SF
Gross rent
$44.2K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.4K $28.65/SF
− OpEx
−$12.4K −$8.60/SF
NOI
$29.0K $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%
$579,600
Cap Rate 7%
$414,000
Cap Rate 9%
$322,000
Alternative Uses
Best Use
Multifamily LT 5
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$381.3K
$333.7K – $444.9K
NOI $26,694 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$975.4K
$853.5K – $1.14M
NOI $68,277 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,437
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a two-bedroom main home and an attached one-bedroom unit.
Where is this duplex located?
The property is located at 2459 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‑bedroom, one‑bath main residence with an attached one‑bedroom, one‑bath unit; Updated kitchen, central A/C, walk‑in closets, and new flooring throughout; Large backyard
