Apartment Building with 5
For Sale
$850,000
2027 SW 58th Ave, Miami, FL 33155
MULTI_FAMILY - Miami, FL
Property Size3,208 SF
Price / SF$264.96
Days on Market45
Property Features for 2027 SW 58th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
5700
Bedrooms
7
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5
Parking
4
Subdivision
DUAL CONDO NO 1
Lot features
< 1/4 Acre
Standard status
Active
APN
30-40-12-009-0250
Size
3,208 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
12 54 40 CORAL WAY PARK PB 11-40 LOT 30 BLK 1 LOT SIZE 40.000 X 143 OR16010-4220 0893 4
Tax Annual Amount
10881
Legal Description
12 54 40 CORAL WAY PARK PB 11-40 LOT 30 BLK 1 LOT SIZE 40.000 X 143 OR16010-4220 0893 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Flooring type
Tile
Building materials
Block
Listing Agency:
Douglas Elliman
(305) 677-5000
Listed By:
Jaclyn Bild · License #3214288
(786) 210-7399
Added: Jul 2
Changed: Aug 3
Last Checked: Aug 15 at 11:06PM
MLS# A12037880
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This apartment building features block construction and tile flooring, built in 1925. The property totals 3,208 SF and has been divided into 5 units. Tenants are currently on long-term, month-to-month leases. Utility metering includes 3 electric meters, and there are 4 designated parking spots for tenants.
The property is located at 2027 SW 58th Ave in Miami, FL 33155 (Miami-Dade County). Services include public water and public sewer, and cable is available.
With its multi-unit configuration and dedicated parking setup, the building is designed for straightforward day-to-day tenancy under month-to-month arrangements while providing a clear utility and unit layout for an owner to manage.
The property is located at 2027 SW 58th Ave in Miami, FL 33155 (Miami-Dade County). Services include public water and public sewer, and cable is available.
With its multi-unit configuration and dedicated parking setup, the building is designed for straightforward day-to-day tenancy under month-to-month arrangements while providing a clear utility and unit layout for an owner to manage.
Key Highlights
- 3,208 SF apartment building divided into 5 units
- Block construction with tile flooring, built in 1925
- Long‑term, month‑to‑month tenants currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,263
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,185,260
$1.2M
Cap Rate 7%
$846,614
$846.6K
Cap Rate 9%
$658,478
$658.5K
Market Conditions
NOI Build-Up for 3,208 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.5K $36.00/SF
− Vacancy
−$7.7K −$2.41/SF
EGI
$107.8K $33.59/SF
− OpEx
−$48.5K −$15.11/SF
NOI
$59.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,185,260
Cap Rate 7%
$846,614
Cap Rate 9%
$658,478
Alternative Uses
Best Use
Apartment 5plus
$846.6K
$740.8K – $987.7K
NOI $59,263 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.17M
$1.89M – $2.53M
NOI $151,579 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with block construction, central air, and electric cooling plus public water and sewer.
Where is this apartment building located?
The property is located at 2027 SW 58th Ave Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,208 SF apartment building divided into 5 units; Block construction with tile flooring, built in 1925; Long‑term, month‑to‑month tenants currently in place
