Duplex in 580-590 NW 58th Street, Miami, FL 33127 with MLS# A11783338

INCOME-PRODUCING DUPLEX | LIVE, LEVERAGE & BUILD WEALTHRare opportunity to own a mirror-image duplex featuring two spacious 3BD/2BA units, ideal for both homeowners and investors.Purchase options offer flexibility:$400,000 for one unit (50% ownership interest)$759,000 for full duplex ownershipPerfect for FHA buyers, allowing for low down payment options while benefiting from rental income. Live in one unit and rent the other, or maximize returns by leasing both.This property combines the advantages of residential financing with income-producing potential, making it an excellent choice as a primary residence, multi-generational home, or investment property. BUILT-IN INCOME + FINANCING EDGE• One unit leased to long-term tenant at $3,200/month • FHA allows use of 75% of rental income (~$2,400/month) toward qualification • Potential for low down payment (~3%) for owner-occupants This is one of the few true "house-hack" properties where income materially offsets ownership cost. The detached duplex design is a standout feature-each unit functions like a private single-family home, attracting higher-quality tenants, lowering turnover, and supporting strong long-term rents."I'm selling a rock-solid duplex I've personally managed for years-professionally maintained and stabilized with zero drama. It brings in $6,400/month: one long-term Section 8 tenant at $3,200 and another paying fair market rent at $3,200. With just $6,480 in insurance and $10,147 in annual property taxes, it's a cash-flow machine.But here's the kicker-it's in an Opportunity Zone. That means you can roll in capital gains tax-deferred for up to 12 months, and if you hold it for 10 years or more, you can completely eliminate capital gains tax on the appreciation. This isn't just a smart buy-it's a tax-free wealth builder."

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Days on the market

580-590 NW 58th Street, Miami, FL 33127

Price
Price:
$740,000.00
Original List Price:
$989,500.00
Close Price:
$740,000.00
Transaction closed on:
May 21, 2026
Property Status and Type
Listing Type:
Sold
Status:
Closed
Listing Category:
Residential Income (Multifamily 2-4)
Property Type:
Duplex
Description of Last Important Update:
Status Change
Last Major Update on:
May 21, 2026 4:00 am
Measures
Living Area:
2,094 Sqft
Built-Up Area:
2,334 Sqft
Lot Size Dimensions and Info:
6800 sqft
Property Features
Waterfront:
No
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Electric, Separate Meters
Construction
Year Built:
2008
Roof:
Shingle
Number of Units Total:
1
Levels:
Two
Construction Materials:
Block
Flooring:
Laminate
Number of stories:
1
Structure Type:
Duplex
Number of Units in the Community or Building:
2
Flood Zone Code:
X
Property Condition:
Updated/remodeled
Taxes and Expenses
Tax Annual Amount:
$10,147.00
Tax Year:
2025
Utilities
Sewer:
Public Sewer
Electric:
Circuit Breakers
Utilities Available:
Cable Available
Community
Subdivision Name:
BUENA VISTA GARDENS
Senior Community:
No
Terms
Documents Available:
Deposit - Security
Listing Terms Considered by Seller:
Cash, Conventional, FHA
Buyer Possession:
Subject To Tenant Rights, Close Of Escrow
Zoning and Legal
Tax Legal Description:
BUENA VISTA GARDENS PB 5-45 LOT 25 LESS COMM 10.62FTN OF SW COR OF LOT 24 NELY17.70FT N 13 DEG E 22.39FT FOR POB CONT N 13 DEG E 31.39FT NLY
Real Estate Folio Number (Parcel Number):
0131130420880
Zoning:
5700
Public Schools Assigned
High School:
Miami Edison
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
April 2, 2026
Listing Agreement executed on:
April 15, 2025
Purchase Contract Date:
April 12, 2026
Price change occurred on:
April 8, 2026 5:11 pm
Listing Status Last Changed On:
May 21, 2026 4:00 am
Photos updated on:
May 31, 2026 8:59 pm
Last Modified:
August 12, 2026 5:06 am
Additional Information
Courtesy of:
Todd Nation
Attribution:
Not provided
Location
Street Name:
58th
Street Number:
580-590
City:
Miami
State:
Florida
Zip Code:
33127
County:
Miami-Dade
Latitude:
N25° 49' 42.8''
Longitude:
W81° 47' 40''
Street Suffix:
Street
Street Direction Prefix:
NW
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $41,125
Median Home Value $398,800
Median Rent $1,394/mo
Median Age 36
Population 27,585

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 35 Good
☀️ O3 35 Good
🫁 PM2.5 35 Good
Ver la Propiedad Ver la propiedad 580-590 NW 58th Street, Miami, FL 33127
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available. Properties may be listed or sold by various participants in the MLS.