Back to Search
Allapattah Multifamily Property For Sale

3126 NW 28th St Miami, FL 33142

3126 NW 28th St, Miami, FL, 33142
Contact for pricing
For Sale
Claim this Listing
Contact for pricing

Four renovated units with rental upside in Allapattah.

Property Size2,409 SF
Price / SF$394.35
AddedMay 16
Days on Market62
Last RefreshJul 15 at 11:04 pm

Property Features for 3126 NW 28th St

General Information

Standard status
Active
Size
2,409 SF
Property subtype
Multifamily

Building Details

Year Built
1966

Listing office Porosoff Group

Listing date May 16, 2026

Source Crexi

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 Porosoff Group


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)

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 (±1% cap)
NOI $48,314 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$635.7K
$556.3K – $741.7K (±1% cap)
NOI $44,502 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$1.63M
$1.42M – $1.90M (±1% cap)
NOI $113,826 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Dental Office Law Firm Skin Care Clinic Acupuncture Locksmith Spa & Massage Center (Bike/Boat/Book/etc) Store Daycare Center Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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)
Contact an agent
(305) 766-1864 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message