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."
580-590 NW 58th Street, Miami, FL 33127
- Price:
- $740,000.00
- Original List Price:
- $989,500.00
- Close Price:
- $740,000.00
- Transaction closed on:
- May 21, 2026
- 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
- Living Area:
- 2,094 Sqft
- Built-Up Area:
- 2,334 Sqft
- Lot Size Dimensions and Info:
- 6800 sqft
- Waterfront:
- No
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Electric, Separate Meters
- 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
- Tax Annual Amount:
- $10,147.00
- Tax Year:
- 2025
- Sewer:
- Public Sewer
- Electric:
- Circuit Breakers
- Utilities Available:
- Cable Available
- Subdivision Name:
- BUENA VISTA GARDENS
- Senior Community:
- No
- Documents Available:
- Deposit - Security
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA
- Buyer Possession:
- Subject To Tenant Rights, Close Of Escrow
- 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
- High School:
- Miami Edison
- Middle Or Junior School:
- Jose De Diego
- 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
- Courtesy of:
- Todd Nation
- Attribution:
- Not provided
- 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

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Neighborhood Stats
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