Investment Opportunity – High Cash Flow Triplex (Cash Only) Exceptional income-producing property offering strong cash flow potential! Originally built as a single-family home and currently configured as a triplex, this fully leased property features three spacious 2-bedroom, 1-bath units, each generating consistent rental income. This is an ideal opportunity for investors seeking immediate returns and long-term appreciation in a growing market. Property is tenant-occupied, providing instant income from day one. Buyer to conduct their own due diligence regarding zoning, use, and any existing code matters related to the current configuration. Whether you're expanding your portfolio or entering the multifamily space, this property offers significant upside potential and solid cash flow performance.
For sale
$614,000
2425 NW 28th St, Miami, FL 33142
6beds
3baths
1,512sqft
:
Get pre-qualified$4,195/mo
Triplex
Built in 1947
-- sqft lot
$573,300 Zestimate®
$406/sqft
$-- HOA
What's special
- 179 days |
- 226 |
- 18 |
Zillow last checked:
Listing updated:
Listed by:
Dax Londono PA 786-626-8695,
LPT Realty, LLC
Source: MIAMI,MLS#: A11965762
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- None
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Vinyl
Interior area
- Total structure area: 2,487
- Total interior livable area: 1,512 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
Features
- Stories: 1
Lot
- Features: Less Than 1/4 Acre Lot
Details
- Parcel number: 0131270160840
- Zoning: 5700
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Block
- Roof: Slate
Condition
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Melrose Heights 2nd Sec
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $406/sqft
- Tax assessed value: $423,668
- Annual tax amount: $7,700
- Date on market: 2/13/2026
- Listing terms: Cash
Estimated market value
Zestimate®
$573,300
Estimated sales range
$545,000 - $602,000
Rent Zestimate®
$2,847/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/15/2026 | Listed for sale | $614,000-1%$406/sqft |
Source: | ||
| 12/15/2025 | Listing removed | $619,999$410/sqft |
Source: | ||
| 12/12/2025 | Listed for sale | $619,999$410/sqft |
Source: | ||
| 10/2/2025 | Listing removed | $619,999$410/sqft |
Source: | ||
| 8/8/2025 | Listed for sale | $619,999-2.7%$410/sqft |
Source: | ||
| 7/22/2025 | Listing removed | $637,000$421/sqft |
Source: | ||
| 3/4/2025 | Listed for sale | $637,000-0.5%$421/sqft |
Source: | ||
| 6/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/6/2024 | Listed for rent | $2,350$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/20/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/15/2024 | Listed for rent | $2,350$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/1/2022 | Listing removed | -- |
Source: | ||
| 7/16/2022 | Listing removed | $639,900$423/sqft |
Source: | ||
| 5/3/2022 | Listed for sale | $639,900$423/sqft |
Source: | ||
| 4/12/2022 | Listing removed | -- |
Source: | ||
| 12/8/2021 | Price change | $639,900-3%$423/sqft |
Source: | ||
| 10/1/2021 | Listed for sale | $659,900+153.8%$436/sqft |
Source: | ||
| 1/19/2021 | Sold | $260,000$172/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,429 +9.5% | $392,284 +10% |
| 2024 | $7,700 +7.3% | $356,622 +10% |
| 2023 | $7,176 +36.9% | $324,202 +38.8% |
| 2022 | $5,242 +7.2% | $233,563 +10% |
| 2021 | $4,891 +390% | $212,330 +234.3% |
| 2020 | $998 +0.9% | $63,517 +2.3% |
| 2019 | $989 +2.3% | $62,089 +1.9% |
| 2018 | $967 | $60,932 +2.1% |
| 2017 | $967 +0% | $59,679 +2.1% |
| 2016 | $967 -2% | $58,452 +0.7% |
| 2015 | $986 -1% | $58,046 +0.8% |
| 2014 | $996 +1.7% | $57,586 +1.5% |
| 2013 | $980 | $56,735 +1.7% |
| 2012 | $980 -9.3% | $55,787 -17.9% |
| 2011 | $1,081 -2.9% | $67,930 +1.5% |
| 2010 | $1,113 +6% | $66,927 +2.7% |
| 2009 | $1,050 -9.6% | $65,168 +72.8% |
| 2007 | $1,160 -6.9% | $37,707 |
| 2006 | $1,247 | -- |
| 2005 | $1,247 +0.4% | -- |
| 2004 | $1,242 +3.8% | -- |
| 2003 | $1,196 +4.4% | -- |
| 2002 | $1,145 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Allapattah
Nearby schools
GreatSchools rating
- 5/10Melrose Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Brownsville Middle SchoolGrades: 6-8Distance: 1.2 mi
- 2/10Miami Northwestern Senior High SchoolGrades: 9-12Distance: 2.9 mi
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