193 NW 58th St, Miami FL 33127

Commercial For Sale

$3,000,000

BTC: 46.87500000

ETH: 1,718.21305842

33 days

For Sale

Commercial

0 room(s) •

Overview

15-UNIT VALUE-ADD EXTENDED-STAY OPPORTUNITY Fausto Commercial Realty is pleased to present 193 NW 58th Street, a 15-unit multifamily asset in Miami’s improving Little River / Model City corridor, just east of NW 2nd Avenue. Built in 1926 on a 6,500 SF lot, the two-story property is legally operating as 15 units and currently runs as a high-occupancy extended-stay / hostel-style operation. The asset is renovated, well- maintained, and benefits from strong demand due to proximity to Wynwood, Midtown, the Design District, and Miami International Airport. As-is, the property collects approximately $20,600/month ($247,200/year) with estimated expenses of ~30%, producing an in-place NOI of $173,040. At the $3,250,000 asking price, the offering reflects a 5.32% cap rate with stable cash flow. Value-add upside includes adding 12 bathrooms (one per unit) for an estimated $180,000 to convert the asset into 15 self-contained Airbnb units. Under conservative assumptions ($135 ADR, 65% occupancy, 40% expenses), projected NOI is approximately $288,000, equating to an ~8.4% pro-forma cap rate on total cost—driven by operational improvement rather than speculative rent growth.

Location

Florida • Miami • 33127 • Commercial • For Sale

Details

Type:

Commercial Sale

Parking:

No Data

Year Built:

1926

Lot:

6500 Square Feet

Heating:

No Data

Price/sqft:

No Data

Cooling:

No Data

HOA:

No Data

Type:

Commercial Sale

Parking:

No Data

Year Built:

1926

Lot:

6500 Square Feet

Heating:

No Data

Price/sqft:

No Data

Cooling:

No Data

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$1,200,000

$929K – $2.1M

Confidence Low

List vs. estimate

$1.8M above estimate

List $3,000,000 · +150.0%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Based on

7 MLS comparables

+ 30 public-records sales within 0.5 mi

Median actual sale: $545K

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

All facts and features

Lot

• Lot: 6500 Square Feet

Other Property Information

• Parcel Number: 01-31-13-063-0570

• Zoning: 5700
Type and style

• Property Type: Commercial Sale

• Property Sub Type: Income/MultiFamily
Source details

• MLS ID: A12011306

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc

193 NW 58th St, Miami FL 33127

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