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1915 NW 28th St, Miami FL 33142

Commercial For Sale
$7,000,000

BTC: 110.84718923

ETH: 4,389.56787840

4 days
0 room(s)

Overview

Exceptional value-add multifamily investment opportunity in the heart of Miami's rapidly evolving Allapattah submarket. This 1-acre property currently consists of 24 apartment units, offering immediate income potential while providing significant long-term redevelopment upside. The property presents a rare opportunity to acquire a large infill site in one of Miami's most active growth corridors. Existing rental income can help offset carrying costs while a new owner evaluates redevelopment, repositioning, renovation, zoning enhancements, density increases, Live Local Act opportunities, or other value-creation strategies. Located within close proximity to major employment, transportation corridors, the Health District, Downtown Miami, Wynwood, and Miami International Airport, the site is well-positioned to benefit from continued neighborhood growth and investment. Property is being offered for sale as-is. Buyers are encouraged to conduct their own due diligence regarding zoning, land use, density, redevelopment potential, and all municipal approvals. Do not disturb tenants. Showings by appointment only.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
1.00 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,299,000
$470K – $6.8M
Confidence Low
List vs. estimate
$5.7M above estimate
List $7,000,000 · +438.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
13 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $595K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$38,962
2026
All facts and features
  • Lot

    • Lot: 1.00 Acres

    Other Property Information

    • Parcel Number: 01-31-27-066-0040

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Land

    • Property Sub Type: Income/MultiFamily

  • Utility

    • Electricity Connected

    • Other Utilities Available

    • Electricity Available

    • Irrigation Water

    • Sewer Available

    • Trash Removal

    • Water Available

  • Other financial information

    • Annual tax amount: $38,962

  • Source details

    • MLS ID: A12050845

    Other facts

    • Lot Features: Urban Area Development / 1-2.5 Acres

    • Water Source: Municipal Water

    • Lot Size Dimensions: 315x140

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Midtown Realty International