Allapattah Multifamily Property For
For Sale
$950,000
3126 NW 28th St, Miami, FL 33142
Four renovated units with rental upside in Allapattah.
Property Size2,409 SF
Price / SF$394.35
Days on Market153
Property Features for 3126 NW 28th St
General Information
Standard status
Active
Size
2,409 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$10,668
Building Details
Building Size
2,409 SF
Year Built
1966
Listing Agency:
Compass Florida, LLC
Listed By:
Javier Ubeda · License #3358462
(305) 766-1864
Source:
Casacollectiongroup
Added: May 15
Changed: Oct 13
Last Checked: Oct 13 at 1:07AM
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.
Located in Allapattah, this multifamily property contains four units. The unit mix includes two 2-bedroom units, one 1-bedroom unit, and one studio. All four units have been renovated, offering rental upside. There are eight parking spaces available. The 40/50 years recertification was completed in 2026.
Key Highlights
- Renovated units with rental upside
- Located in Allapattah
- 4 units (2 x 2‑bedroom, 1 x 1‑bedroom, 1 x studio)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,314
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,280
$966.3K
Cap Rate 7%
$690,200
$690.2K
Cap Rate 9%
$536,822
$536.8K
Market Conditions
NOI Build-Up for 2,409 SF
Gross rent
$73.7K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$69.0K $28.65/SF
− OpEx
−$20.7K −$8.60/SF
NOI
$48.3K $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%
$966,280
Cap Rate 7%
$690,200
Cap Rate 9%
$536,822
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,853
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?
Quadplex - Four renovated units with rental upside in Allapattah.
Where is this quadplex located?
The property is located at 3126 NW 28th St 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: Renovated units with rental upside; Located in Allapattah; 4 units (2 x 2‑bedroom, 1 x 1‑bedroom, 1 x studio)
