Two-Story Duplex with Impact
For Sale
$1,050,000
2290 SW 58th Ave, Miami, FL 33155
Separate three-bedroom, two-bath residences feature open layouts, parking, and backyard space.
Property Size2,380 SF
Price / SF$441.18
Days on Market8
Property Features for 2290 SW 58th Ave
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,631
Building Details
Building Size
2,380 SF
Year Built
2019
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Realty
Listed By:
James Byrd · License #3235658
Source:
Batrare
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 30 at 10:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 2019, this two-story duplex contains two separately configured residences, each with three bedrooms, two bathrooms, and just over 1,000 square feet. Open-plan interiors are paired with impact windows and doors throughout, while the property also provides a large parking area and substantial backyard space.
The property is located near the meeting point of Red Road and Coral Way, a couple of blocks from Coral Gables. Shopping, restaurants, and schools are nearby, adding convenient access to everyday services and neighborhood amenities.
The property is located near the meeting point of Red Road and Coral Way, a couple of blocks from Coral Gables. Shopping, restaurants, and schools are nearby, adding convenient access to everyday services and neighborhood amenities.
Key Highlights
- Two‑story duplex built in 2019
- Two separate 3 bed/2 bath units
- Each unit is just over 1,000 sqft
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
$47,732
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
4.55%
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%
$954,640
$954.6K
Cap Rate 7%
$681,886
$681.9K
Cap Rate 9%
$530,356
$530.4K
Market Conditions
NOI Build-Up for 2,380 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
$72.8K $30.60/SF
− Vacancy
−$4.6K −$1.95/SF
EGI
$68.2K $28.65/SF
− OpEx
−$20.5K −$8.60/SF
NOI
$47.7K $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%
$954,640
Cap Rate 7%
$681,886
Cap Rate 9%
$530,356
Alternative Uses
Best Use
Multifamily LT 5
$681.9K
$596.7K – $795.5K
NOI $47,732 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$628.1K
$549.6K – $732.8K
NOI $43,967 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.87M
NOI $112,456 @ 7.0% cap · market cap 10.71%
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
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?
Duplex - Separate three-bedroom, two-bath residences feature open layouts, parking, and backyard space.
Where is this duplex located?
The property is located at 2290 SW 58th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑story duplex built in 2019; Two separate 3 bed/2 bath units; Each unit is just over 1,000 sqft
