Renovated Four-Unit Income
3126 Northwest 28th Street Miami, FL 33142
3126 Northwest 28th Street, Miami, FL, 33142
$950,000
For Sale
$950,000
A renovated four-unit property with mixed unit sizes and eight parking spaces, with 40/50-year recertification completed in 2026.
Property Size2,409 SF
Price / SF$394.35
Days on Market68
Property Features for 3126 Northwest 28th Street
General Information
- Standard status
- Active
- Size
- 2,409 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1966
Listing agency
Compass Florida, LLC
(305) 851-2820
Listed by
Javier Ubeda · License #3358462
(305) 851-2820
Source
Compass
Added: May 15 Updated: Jul 21 at 1:40AM Checked: Jul 21 at 8:41AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This four-unit income property features all four units that have been renovated. The unit mix includes two two-bedroom units, one one-bedroom unit, and one studio. A 40/50-year recertification has been completed in 2026.
The property provides eight parking spaces, supporting tenant and guest parking needs.
With a varied layout across the four units and parking on-site, the building offers an updated residential configuration designed for rental occupancy.
The property provides eight parking spaces, supporting tenant and guest parking needs.
With a varied layout across the four units and parking on-site, the building offers an updated residential configuration designed for rental occupancy.
Key Highlights
- Four‑unit property built in 1966
- All four units were renovated
- Unit mix includes two 2‑bedroom units, one 1‑bedroom unit, and one studio
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.7k | $30.60 |
| − Vacancy | −$4.7k | −$1.95 |
| EGI | $69.0k | $28.65 |
| − OpEx | −$20.7k | −$8.60 |
| NOI | $48.3k | $20.06 |
2,409 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$690.2K
$603.9K – $805.2K
NOI $48,314 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$635.7K
$556.3K – $741.7K
NOI $44,502 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M
NOI $113,826 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A renovated four-unit property with mixed unit sizes and eight parking spaces, with 40/50-year recertification completed in 2026.
Where is this quadplex located?
The property is located at 3126 Northwest 28th Street Miami, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit property built in 1966; All four units were renovated; Unit mix includes two 2‑bedroom units, one 1‑bedroom unit, and one studio
