For sale

Price cut: $100K (9/24)

$1,250,000

650 NW 28th St, Miami, FL 33127

8beds

4baths

3,204sqft

$8,795/mo

Get pre-qualified

Quadruplex

Built in 1972

-- sqft lot

$-- Zestimate^®

$390/sqft

$-- HOA

What's special

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.

164 days
228
23

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

None

Cooling

Wall/Window Unit(s)

Features

Stairs
Flooring: Terrazzo, Tile

Interior area

Total structure area: 3,204
Total interior livable area: 3,204 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 5

Features

Stories: 2

Lot

Features: Less Than 1/4 Acre Lot

Details

Parcel number: 0131250470050
Zoning: 7700

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Quadruplex

Materials

Concrete Block Construction, CBS Construction
Roof: Shingle

Condition

Year built: 1972

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: Edgewood Sub

HOA

Has HOA: No

Location

Region: Miami

Financial & listing details

Price per square foot: $390/sqft
Tax assessed value: $813,620
Annual tax amount: $13,567
Date on market: 5/1/2026
Listing terms: All Cash,Conventional,FHA

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/24/2026	Price change	$1,250,000-7.4%$390/sqft
Source: MIAMI #A12011733 Report a problem
5/2/2026	Listed for sale	$1,350,000+12.7%$421/sqft
Source: MIAMI #A12011733 Report a problem
1/28/2026	Listing removed	$2,300$1/sqft
Source: Zillow Rentals Report a problem
12/19/2025	Listed for rent	$2,300$1/sqft
Source: Zillow Rentals Report a problem
3/17/2022	Listing removed	--
Source: MIAMI #A11131367 Report a problem
3/14/2022	Price change	$1,198,000-0.2%$374/sqft
Source: MIAMI #A11131367 Report a problem
12/1/2021	Listed for sale	$1,200,000+234.3%$375/sqft
Source: MIAMI #A11131367 Report a problem
1/26/2006	Sold	$359,000+10.5%$112/sqft
Source: Public Record Report a problem
11/8/2005	Sold	$325,000$101/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,132 +14.9%	$540,292 +10%
2024	$12,303 -15.5%	$491,175 -22.5%
2023	$14,552 +41.5%	$633,967 +56.2%
2022	$10,283 +9.9%	$405,930 +10%
2021	$9,361 +3.3%	$369,028 +6.5%
2020	$9,061 +5.2%	$346,540 +10%
2019	$8,610 +0.1%	$315,037 +10%
2018	$8,601	$286,398 +10%
2017	$8,601 +21.6%	$260,362 +10%
2016	$7,073 +5.1%	$236,693 +10%
2015	$6,733 +13%	$215,176 +10%
2014	$5,956 +4.8%	$195,615 +7.8%
2013	$5,681	$181,500 +10%
2012	$5,681 -6.4%	$165,000 +10%
2011	$6,067 -15.3%	$150,000 -35.7%
2010	$7,163 -7.8%	$233,121 -15.1%
2009	$7,773 +9.3%	$274,570 +4.7%
2007	$7,113 +12.6%	$262,359
2006	$6,316	--
2005	$6,316 +14.2%	--
2004	$5,533 +61.4%	--
2003	$3,428 +19.6%	--
2002	$2,866	--
2001	$2,866	--