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
...
(Read more)
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.
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
Listing Office:
Fausto Commercial Realty Consultants Inc

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.
