Miami Duplex: Income
For Sale
$475,000
305 Nw 58th St, Miami, FL 33127
New construction duplex in central Miami, ideal for investors.
Property Size2,000 SF
Price / SF$237.50
Days on Market293
Property Features for 305 Nw 58th St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,801
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Michael Sahlman · License #3070638
(786) 553-0697
Source:
Exprealty
Added: Nov 21, 2025
Changed: Sep 10
Last Checked: Sep 9 at 8:57PM
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 EXP Realty LLC
Investment Insights
Based on property information with market context.
This new construction duplex presents an income-producing opportunity in central Miami. Each residence features 3 bedrooms, 2 full baths, and 1 half bath. The units include an open-concept kitchen and living area with modern appliances, private parking, and washer/dryer hookups. Each unit also features a 1,000 sq ft rooftop patio. Constructed with solid concrete blocks, the property offers durability and modern design. The duplex is unfurnished. The property is suitable for short-term rentals, long-term tenants, or extended family living. The location is approximately 15 minutes from Miami’s major destinations, including Miami International Airport, Jackson Memorial Hospital, Wynwood, the Design District, Downtown Miami, Brickell, Miami Beach, and I-95. The property is suited for Airbnb, rental income, or owner-occupant investment strategies. Dogs and cats are allowed. The property size is 2,000 sq ft.
Key Highlights
- Prime central Miami location, approximately 15 minutes from major destinations.
- Brand‑new construction (built in 2025) duplex with modern design.
- Excellent income‑producing opportunity for investors, Airbnb, or owner‑occupants.
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
$40,111
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
8.44%
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%
$802,220
$802.2K
Cap Rate 7%
$573,014
$573.0K
Cap Rate 9%
$445,678
$445.7K
Market Conditions
NOI Build-Up for 2,000 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
$61.2K $30.60/SF
− Vacancy
−$3.9K −$1.95/SF
EGI
$57.3K $28.65/SF
− OpEx
−$17.2K −$8.60/SF
NOI
$40.1K $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%
$802,220
Cap Rate 7%
$573,014
Cap Rate 9%
$445,678
Alternative Uses
Best Use
Multifamily LT 5
$573.0K
$501.4K – $668.5K
NOI $40,111 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$527.8K
$461.8K – $615.8K
NOI $36,947 @ 7.0% cap · market cap 7.78%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,501 @ 7.0% cap · market cap 19.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex in central Miami, ideal for investors.
Where is this duplex located?
The property is located at 305 Nw 58th St Miami, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime central Miami location, approximately 15 minutes from major destinations.; Brand‑new construction (built in 2025) duplex with modern design.; Excellent income‑producing opportunity for investors, Airbnb, or owner‑occupants.
