Renovated Detached Duplex in
For Sale
Contact for pricing
272 NW 58th St, Miami, FL 33127
Two renovated homes on one lot, ideal for investors.
Property Size1,760 SF
Price / SF$676.14
Days on Market786
Property Features for 272 NW 58th St
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
7
Property subtype
Multifamily
Building Details
Year Built
1963
Stories
1
Units
2
Listing Agency:
EXP Realty LLC
Listed By:
Ana Geval · License #3293928
Source:
Crexi
Added: Jul 16, 2024
Changed: Aug 16
Last Checked: Sep 8 at 3:43AM
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 property features a detached duplex, consisting of two separate houses situated on the same lot. Both houses underwent complete renovation in 2024, including new roofs, new kitchens with quartz countertops, and new windows. Each house includes its own laundry room. The buildings are detached homes, each with a separate entrance, and are separated by a modern 6-foot high fence. The property is located within an opportunity zone and offers proximity to Magic City, the Design District, Wynwood, and Edgewater. The property has already been leased for a long time, the deal includes the assignment of lease rights.
Key Highlights
- Detached duplex: Two renovated houses on one property, ideal for rental income or owner‑occupancy.
- Completely renovated in 2024: Includes new roof, new kitchens with quartz countertops, and new windows.
- Each house has a separate entrance and its own laundry room.
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
$35,298
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
2.97%
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%
$705,960
$706.0K
Cap Rate 7%
$504,257
$504.3K
Cap Rate 9%
$392,200
$392.2K
Market Conditions
NOI Build-Up for 1,760 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
$53.9K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.4K $28.65/SF
− OpEx
−$15.1K −$8.60/SF
NOI
$35.3K $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%
$705,960
Cap Rate 7%
$504,257
Cap Rate 9%
$392,200
Alternative Uses
Best Use
Multifamily LT 5
$504.3K
$441.2K – $588.3K
NOI $35,298 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$464.5K
$406.4K – $541.9K
NOI $32,513 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,161 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,066
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
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 - Two renovated homes on one lot, ideal for investors.
Where is this duplex located?
The property is located at 272 NW 58th St Miami, FL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Detached duplex: Two renovated houses on one property, ideal for rental income or owner‑occupancy.; Completely renovated in 2024: Includes new roof, new kitchens with quartz countertops, and new windows.; Each house has a separate entrance and its own laundry room.
