Price Check
How this price compares
- List price
- $3,000,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 161
This commercial property in ZIP 33127 is listed at $3,000,000. It has been on the market for 161 days.
Estimated monthly payment
$15,766 /mo
Principal and interest only, based on $600,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $3,000,000
- Days on Site
- 161 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 3,205 sqft
- Lot Size
- 0.15 Acres
- Year Built
- 1926
- Property Type
- Commercial
- MLS #
- A12011306
- County
- Miami Dade
- Status
- Active
About This Property
15-UNIT VALUE-ADD EXTENDED-STAYOPPORTUNITYFausto Commercial Realty is pleased to present193 NW 58th Street, a 15-unit multifamily asset inMiami’s improving Little River / Model Citycorridor, just east of NW 2nd Avenue. Built in1926 on a 6,500 SF lot, the two-story property islegally operating as 15 units and currently runsas a high-occupancy extended-stay / hostel-styleoperation. The asset is renovated, well-maintained, and benefits from strong demanddue to proximity to Wynwood, Midtown, theDesign District, and Miami International Airport.As-is, the property collects approximately$20,600/month ($247,200/year) with estimatedexpenses of ~30%, producing an in-place NOI of$173,040. At the $3,250,000 asking price, theoffering reflects a 5.32% cap rate with stablecash flow.Value-add upside includes adding 12 bathrooms(one per unit) for an estimated $180,000 toconvert the asset into 15 self-contained Airbnbunits. Under conservative assumptions ($135ADR, 65% occupancy, 40% expenses), projectedNOI is approximately $288,000, equating to an~8.4% pro-forma cap rate on total cost—drivenby operational improvement rather thanspeculative rent growth.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1926
- Lot Size (Acres)
- 0.15
- Total Sq Ft
- 3,205
- Zoning
- 5700
Community & HOA
- MLS Area
- 2310
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 193 NW 58th Street, Miami, FL 33127?
- Use the Tour button on this listing to request a showing of 193 NW 58th Street, Miami, FL 33127. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 193 NW 58th Street, Miami, FL 33127 still available?
- 193 NW 58th Street, Miami, FL 33127 is currently listed as Active, and has been on the market 161 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 193 NW 58th Street, Miami, FL 33127?
- With 20% down ($600,000) on the $3,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 193 NW 58th Street, Miami, FL 33127 is about $15,766/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 193 NW 58th Street, Miami, FL 33127?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 193 NW 58th Street, Miami, FL 33127. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 193 NW 58th Street, Miami, FL 33127?
- Often, yes. The right offer on 193 NW 58th Street, Miami, FL 33127 depends on how it's priced against comparable commercial sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Fausto Commercial Realty Consultants Inc
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$3,000,000
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Listed by Vicente Javier Rodriguez, Fausto Commercial Realty Consultants Inc
Map & Location
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Recent Sales
Recently sold homes in ZIP 33127
These are the last 6 recorded closings in ZIP 33127, with the price each home actually sold for rather than what it was listed at. They closed at a median of $533 per square foot. The most recent closed on October 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$910,000
Sold · October 13, 2026
545 NW 47th Street
3 bed · 3 bath
$39,000 under the asking price
Sold$415,000
Sold · October 9, 2026
5820 NW 3 Avenue
3 bed · 2.5 bath · 1,000 sqft · $415/sqft
$20,000 under the asking price
Sold$575,000
Sold · October 2, 2026
347 NW 42nd Street
4 bed · 1 bath · 1,038 sqft · $554/sqft
$14,700 under the asking price
Sold$580,000
Sold · October 2, 2026
750-752 NW 52nd Street
0 bed · 0 bath · 1,343 sqft · $432/sqft
$94,900 under the asking price
Sold$760,000
Sold · September 30, 2026
231 NW 44th Street
5 bed · 3 bath · 1,426 sqft · $533/sqft
$72,000 under the asking price
Sold$3,000,000
Sold · September 30, 2026
2428 NW 7th Avenue
0 bed · 0 bath
$500,000 under the asking price
See every recorded sale in ZIP 33127 or find out what your ZIP 33127 home is worth.
