Updated Two-Unit
3185 NW 28th Street, Miami, FL 33142
For Sale
$700,000
Pending
Built in 1980, the property includes distinct two-bedroom and three-bedroom residences.
Property Size2,666 SF
Days on Market55
Property Features for 3185 NW 28th Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Guillen
Listed By:
Yolymiler Diaz Guillen · License FL #3288184
(786) 277-6968
Source:
Silverleafrealtygroup
Added: Sep 17
Changed: Nov 1
Last Checked: Nov 10 at 5:36PM
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 Guillen
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences: one with 2 bedrooms and 1 bath, and another with 3 bedrooms and 2 baths. The owner has completed upgrades to the property, supporting continued residential use in its existing two-unit configuration. Built in 1980, the asset offers a straightforward setup for an investor or an owner-occupant seeking a second residence on site.
The property is located at 3185 NW 28th Street in Miami, with access to major roadways and proximity to entertainment and employment centers. Tenant occupancy is in place, and showings are available by appointment.
The property is located at 3185 NW 28th Street in Miami, with access to major roadways and proximity to entertainment and employment centers. Tenant occupancy is in place, and showings are available by appointment.
Key Highlights
- Two‑unit duplex with separate residences
- Unit mix includes 2 bedrooms/1 bath and 3 bedrooms/2 baths
- Owner‑completed property upgrades
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,468
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,360
$1.1M
Cap Rate 7%
$763,829
$763.8K
Cap Rate 9%
$594,089
$594.1K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$81.6K $30.60/SF
− Vacancy
−$5.2K −$1.95/SF
EGI
$76.4K $28.65/SF
− OpEx
−$22.9K −$8.60/SF
NOI
$53.5K $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%
$1,069,360
Cap Rate 7%
$763,829
Cap Rate 9%
$594,089
Alternative Uses
Best Use
Multifamily LT 5
$763.8K
$668.4K – $891.1K
NOI $53,468 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$703.6K
$615.6K – $820.8K
NOI $49,250 @ 7.0% cap · market cap 7.04%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,970 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,782
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
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1980, the property includes distinct two-bedroom and three-bedroom residences.
Where is this duplex located?
The property is located at 3185 NW 28th Street Miami, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑unit duplex with separate residences; Unit mix includes 2 bedrooms/1 bath and 3 bedrooms/2 baths; Owner‑completed property upgrades
