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!
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!
Property Details
Price:
$7,000,000
MLS #:
A12042703
Status:
Active
Beds:
0
Baths:
0
Address:
1915 NW 28th St
Type:
Commercial
Subtype:
Income/MultiFamily
City:
Miami
Listed Date:
Jul 9, 2026
State:
FL
Total Sq Ft:
13,818
ZIP:
33142
Year Built:
1958
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- Address1915 NW 28th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
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1915 NW 28th St
Miami, FL
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