Remodeled
New
For Sale
$779,900
2053 SW 60th Ave, Miami, FL 33155
MULTI_FAMILY - Miami, FL
Property Size1,348 SF
Price / SF$578.56
Days on Market1
Property Features for 2053 SW 60th Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Patio
Exterior features
Fence, Patio, Awning(s)
Fencing
Fenced
Subdivision
CORAL WAY PK SEC D
Lot features
< 1/4 Acre
Standard status
Active
APN
30-40-12-012-0170
Size
1,348 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
12 54 40 CORAL WAY PARK SEC D PB 13-6 LOT 25 BLK 13 LOT SIZE 40.000 X 143
Tax Annual Amount
9044
Legal Description
12 54 40 CORAL WAY PARK SEC D PB 13-6 LOT 25 BLK 13 LOT SIZE 40.000 X 143
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1941
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Luis Gonzalez · License #0644564
(305) 772-9521
Added: Aug 13
Last Checked: Aug 13 at 10:06PM
MLS# A12069432
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 1348-square-foot duplex contains two distinct residences, with a 2-bedroom, 1-bathroom layout in one unit and a separate 1-bedroom, 1-bathroom unit in the other. Both interiors have been remodeled, and the property includes ceramic tile flooring, central heating, central air, a shingle roof, and block construction. A fenced exterior, patio, and awning add usable outdoor features.
The property is located at 2053 SW 60th Ave in Miami, FL 33155, near major roads, shopping, dining, schools, and everyday amenities. Public sewer service is in place, and cable is available. Built in 1941, the separate-unit arrangement supports rental occupancy, owner use, or multigenerational living while maintaining distinct residential spaces.
The property is located at 2053 SW 60th Ave in Miami, FL 33155, near major roads, shopping, dining, schools, and everyday amenities. Public sewer service is in place, and cable is available. Built in 1941, the separate-unit arrangement supports rental occupancy, owner use, or multigenerational living while maintaining distinct residential spaces.
Key Highlights
- Two separate remodeled units: 2‑bedroom, 1‑bathroom and 1‑bedroom, 1‑bathroom
- 1348 square feet of total property size
- Built in 1941 with block construction and a shingle roof
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
$27,035
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
3.47%
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%
$540,700
$540.7K
Cap Rate 7%
$386,214
$386.2K
Cap Rate 9%
$300,389
$300.4K
Market Conditions
NOI Build-Up for 1,348 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
$41.2K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$38.6K $28.65/SF
− OpEx
−$11.6K −$8.60/SF
NOI
$27.0K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$540,700
Cap Rate 7%
$386,214
Cap Rate 9%
$300,389
Alternative Uses
Best Use
Multifamily LT 5
$386.2K
$337.9K – $450.6K
NOI $27,035 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$355.7K
$311.3K – $415.0K
NOI $24,902 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$909.9K
$796.2K – $1.06M
NOI $63,694 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
583
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled residences provide separate occupancy and rental-income flexibility.
Where is this duplex located?
The property is located at 2053 SW 60th Ave Miami, FL.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Two separate remodeled units: 2‑bedroom, 1‑bathroom and 1‑bedroom, 1‑bathroom; 1348 square feet of total property size; Built in 1941 with block construction and a shingle roof
