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Pinnacle Real Estate Group – FL

193 NW 58th Street, Miami, FL 33127 (MLS# A12011306)

193 NW 58th Street, Miami, FL 33127

$3,000,000
Property Type: Commercial Sale Square Footage: 3,205 Status: Active
Current Price: $3,000,000 List Date: 4/15/2026 Last Modified: 9/09/2026

Overview

Description

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), project ...

Listing Details MLS# A12011306

General Property Information

Property Sub Type
Multi Family
Occupant Type
Call Listing Agent
Building Area Main
3205
Year Built
1926
Lot Size Area
6500
Lot Size Acres
0.15

Contract Information

Comp Sale YN
No
Original List Price
3000000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
193
Street Direction Prefix
NW
Street Name
58th
Street Suffix
Street
City Name
Miami
State Or Province
FL
Postal Code
33127
Postal Code +4
1657
Area
2310
Parcel Number
0131130630570
Subdivision Number
63
Zoning
5700
Flood Zone
X

Financial Information

Tax Legal Description
HIGH SCHOOL PARK TR PB 4-44 LOT 9 BLK 4 LOT SIZE 50.000 X 130 OR 20380-1745 04 2002 1 COC 25324-0130 11 2006 1

Status Change Information

Major Change Timestamp
2026-04-15T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-05-01

Price Calculations

Current Price To SqFt
936.03

More Information

Section Details

Parcel Number MLX
0570

Originating Details

Originating System Key
460911201
Originating System ID
M00000151
IDX
Listing Office: Fausto Commercial Realty Consultants Inc
Source MLS Verified
Last Updated: September - 09 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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