650 NW 28th St, Miami, FL, 33127
About This Home
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Roof: Shingle
- Construction materials: Concrete Block Construction,CBS Construction
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Quadruplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Features
- Stairs
- Flooring: Terrazzo,Tile
Heating & Cooling
- Heating features: None
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 3,204
- Total interior livable area: 3,204 sqft
Property
Details
- Parcel number: 0131250470050
- Zoning: 7700
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Cold Wave
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $329 | $3,948 |
| Property Taxes | $911 | $10,932 |
| Electricity | $322 | $3,869 |
| Total | $8,388 | $100,656 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-02 | Listed for sale | $1,350,000 |
| 2026-01-28 | Listing removed | $2,300 |
| 2025-12-19 | Listed for rent | $2,300 |
| 2022-03-17 | Listing removed | -- |
| 2022-03-14 | Price change | $1,198,000 |
| 2021-12-01 | Listed for sale | $1,200,000 |
| 2006-01-26 | Sold | $359,000 |
| 2005-11-08 | Sold | $325,000 |
For Sale by Agent
View on Zillow