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1321 NW 28th St
Miami, FL 33142
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Prime Allapattah Location Steps from Wynwood, Design District, Midtown, and major Miami redevelopment zones.
- Month-to-Month Tenancies Immediate value-add potential through rent increases, upgrades, or STR strategies.
- High-Growth Redevelopment Corridor Surrounded by new art galleries, creative spaces, and large-scale city investments.
- Three Income-Producing Units Two 2BD/1BA units plus a studio with its own bath—strong rental flexibility.
- Separate Meters + Central A/C Lower operating costs with individual utilities and high tenant appeal.
- Exceptional Connectivity Minutes to I-95, Dolphin Expressway, MIA Airport, hospitals, and major retail hubs.
EXECUTIVE SUMMARY
Prime Allapattah Income-Producing Duplex + Studio
Steps from Wynwood • Design District • Major Miami Redevelopment Corridors
This is a rare opportunity to acquire an income-producing property in one of Miami’s most rapidly transforming neighborhoods—Allapattah, a district now recognized as the next major growth zone adjacent to Wynwood, the Design District, Midtown, and downtown Miami. With massive city-backed redevelopment, new art galleries, tech spaces, and residential projects, Allapattah has become a top investment destination for buyers with vision.
The property consists of two 2-bedroom / 1-bath units plus an additional studio with its own bathroom, offering strong rental versatility and significant upside. All units are month-to-month, giving investors the freedom to reposition rents, upgrade interiors, implement short-term rental strategies (where permitted), or convert into a long-term high-yield asset. Each unit has separate meters, central AC, and washer/dryer hookups, increasing tenant appeal and reducing operational expenses.
The structure is solid, the layout is efficient, and the site provides multiple paths for value-add improvements. With cosmetic upgrades, this property can generate substantially higher income or serve as a prime Airbnb/short-term rental play due to its unmatched location.
Exceptional Location Advantages:
Next to Wynwood (Miami’s top arts and entertainment district experiencing explosive growth)
Near Allapattah’s new international galleries, creative campuses, and art warehouses
Minutes to the Design District, Midtown, Downtown, and Brickell
Close to Miami International Airport, Jackson Memorial Hospital, and UM Medical District
Quick access to Dolphin Expressway, I-95, and major retail corridors
Allapattah is considered one of the last centrally located Miami neighborhoods where you can “buy low today and sell high tomorrow.” With thousands of units in the pipeline and ongoing infrastructure upgrades, the area is poised for long-term appreciation.
Steps from Wynwood • Design District • Major Miami Redevelopment Corridors
This is a rare opportunity to acquire an income-producing property in one of Miami’s most rapidly transforming neighborhoods—Allapattah, a district now recognized as the next major growth zone adjacent to Wynwood, the Design District, Midtown, and downtown Miami. With massive city-backed redevelopment, new art galleries, tech spaces, and residential projects, Allapattah has become a top investment destination for buyers with vision.
The property consists of two 2-bedroom / 1-bath units plus an additional studio with its own bathroom, offering strong rental versatility and significant upside. All units are month-to-month, giving investors the freedom to reposition rents, upgrade interiors, implement short-term rental strategies (where permitted), or convert into a long-term high-yield asset. Each unit has separate meters, central AC, and washer/dryer hookups, increasing tenant appeal and reducing operational expenses.
The structure is solid, the layout is efficient, and the site provides multiple paths for value-add improvements. With cosmetic upgrades, this property can generate substantially higher income or serve as a prime Airbnb/short-term rental play due to its unmatched location.
Exceptional Location Advantages:
Next to Wynwood (Miami’s top arts and entertainment district experiencing explosive growth)
Near Allapattah’s new international galleries, creative campuses, and art warehouses
Minutes to the Design District, Midtown, Downtown, and Brickell
Close to Miami International Airport, Jackson Memorial Hospital, and UM Medical District
Quick access to Dolphin Expressway, I-95, and major retail corridors
Allapattah is considered one of the last centrally located Miami neighborhoods where you can “buy low today and sell high tomorrow.” With thousands of units in the pipeline and ongoing infrastructure upgrades, the area is poised for long-term appreciation.
PROPERTY FACTS
| Price Per Unit | $323,868 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 1,788 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | 5700/DUPLEXES - GENERAL - 08 / MULTIFAMILY 2-9 UNITS Land Use: MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS | ||
| Price Per Unit | $323,868 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,788 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.68/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 5700/DUPLEXES - GENERAL - 08 / MULTIFAMILY 2-9 UNITS Land Use: MULTIFAMILY 2-9 UNITS : 2 LIVING UNITS |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Lawn
- Patio
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| Studios | 1 | - | - |
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