650 NW 28th Street, Miami, FL 33127 (MLS# A12011733)

650 NW 28th Street, Miami, FL 33127

$1,250,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12011733

Property Type: Residential Income Square Footage: 3,204 Status: Active

Current Price: $1,250,000 List Date: 5/01/2026 Last Modified: 9/24/2026

Overview

Description

PRICE DROP Location, location, location. This is an ideal "covered land play" in the heart of Allapattah’s emerging WOW (West of Wynwood) District. Located just blocks from the Rubell Museum and the world-renowned Wynwood Arts District, this 4-plex represents a premier "path of progress" acquisition.This asset allows any investor to capture the massive spillover demand from Wynwood’s expansion while benefiting from Allapattah’s lower cost basis. The property’s footprint provides tenants immediate access to the high-end retail, dining, and creative offices of the NW 29th Street corridor.With solid CBS "bunker" construction, the building is a perfect candidate for a value-add renovation to achieve market-leading rents or a high-yield short-term rental play. Whether positioned as a strategic land-hold or a "house hack" for a first-time investor, this is a high-upside addition to any sophisticated Miami portfolio.

Listing Details MLS# A12011733

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 3204
Living Area Main: 3204
Adjusted Area Main: 2696
Year Built: 1972
Parking Total: 5
Stories Total: 2
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s) Flooring: Terrazzo; Tile Structure Type: Multi Family Construction Materials: Block; CBS Cooling: Wall/Window Unit(s) Heating: Separate Meters; None Listing Terms: Cash; Conventional; FHA Possession: Close Of Escrow; Negotiable Roof: Shingle Sewer: Public Sewer Tax Information: Tax Reflects No Exemptions Utilities: Cable Not Available Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Unit 1 Parking Features: Parking Space Unit 2 Parking Features: Parking Space Unit 3 Parking Features: Parking Space Unit 4 Parking Features: Parking Space

Contract Information

Comp Sale YN: No
Original List Price: 1350000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 650
Street Direction Prefix: NW
Street Name: 28th
Street Suffix: Street
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33127
Postal Code +4: 4057
Postal Zip: 33127
Subdivision Name: EDGEWOOD SUB
Area: 2310
Elementary School: Paul Laurence Dunbar K-8
Middle Or Junior School: Georgia Jones-Ayers
High School: Miami Jackson
Parcel Number: 0131250470050
Subdivision Number: 47
Zoning: 7700
Flood Zone: X

Financial Information

Tax Annual Amount: 13567
Tax Year: 2025
Tax Legal Description: EDGEWOOD SUB PB 8-105 LOT 6 LESS N10FT BLK 1 LOT SIZE 50.000 X 105 COC 24182-2065 01 2006 1

Status Change Information

Major Change Timestamp: 2026-09-24T02:59:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-24T02:59:48Z
Status Change Date: 2026-05-02

More Information

Income and Expenses

Gross Income: 8900

Unit 1 Details

Actual Rent: 2200
Baths Full: Yes
Efficiency YN: No

Unit 1 Lease Description

Currently Leased YN: Yes

Unit 2 Details

Actual Rent: 2200
Baths Full: Yes
Efficiency YN: No

Unit 2 Lease Description

Currently Leased YN: Yes

Unit 3 Details

Actual Rent: 2250
Baths Full: Yes
Efficiency YN: No

Unit 3 Lease Description

Currently Leased YN: Yes

Unit 4 Details

Actual Rent: 2250
Baths Full: Yes
Efficiency YN: No

Unit 4 Lease Description

Currently Leased YN: Yes

Price Calculations

Current Price To SqFt: 390.13

Section Details

Parcel Number MLX: 0050

Originating Details

Originating System Key: 461343377
Originating System ID: M00000151

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: September - 24 - 2026

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