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Pinnacle Real Estate Group – FL

5601 NW 1st Avenue, Miami, FL 33127 (MLS# A12089534)

5601 NW 1st Avenue, Miami, FL 33127

New Listing
$18,750,000
Property Type: Commercial Sale Square Footage: 42,452 Status: Active
Current Price: $18,750,000 List Date: 9/15/2026 Last Modified: 9/16/2026

Overview

Description

5601 NW 1st Avenue presents a rare opportunity to acquire a 91-unit multifamily apartment community in one of Miami's most rapidly evolving urban corridors. The property consists of a mix of studio, one-bedroom, and two-bedroom apartments situated on a substantial 106,187-square-foot site with T4-R zoning.The asset encompasses approximately 50,100 adjusted square feet across ten separate two-story residential buildings constructed between 1947 and 1969. The unit interiors feature a combination of central air conditioning systems, providing a diverse housing product that caters to strong workforce and market-rate rental demand.Strategically located near Little Haiti, Wynwood, the Miami Design District, Midtown Miami, and Downtown Miami, the property benefits from exceptional access to major employment centers, public transportation, shopping, dining, and entertainment destinations. The surrounding area continues to experience significant public and private investment, driving long-term ...

Listing Details MLS# A12089534

General Property Information

Number Of Buildings
10
Property Sub Type
Multi Family
Number Of Units Total
4
Occupant Type
Tenant
Building Area Main
42452
Year Built
1960
Lot Size Area
96507
Lot Size Acres
2.22

Property Features

Parking Features: Common Possession: Close Of Escrow Tenant Pays: Electricity; Interior Electric Listing Terms: Cash; Conventional Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
18750000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
5601
Street Direction Prefix
NW
Street Name
1st
Street Suffix
Avenue
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33127
Postal Code +4
1651
Area
2310
Parcel Number
0131130800010
Subdivision Number
80
Zoning
3900
Flood Zone
X

Financial Information

Tax Legal Description
13 53 41 2.215 AC M/L BARRETT SUB AMD PB 79-10 TR 1-A& TR A OF BARRETT COURT PB 85-86 & LOTS 12 & 13 LESS E10FT & LESS BEG 10FTW OF SE COR L

Status Change Information

Major Change Timestamp
2026-09-15T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-09-15

More Information

Income and Expenses

Gross Income
1869000
Net Operating Income
1022000

Description of Unit Type 1

Unit Type
Efficiency
Units Total
2
Annual Rent
1375

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
74
Annual Rent
1633

Description of Unit Type 3

Unit Type
2 Bedroom
Units Total
14
Annual Rent
2082

Description of Unit Type 4

Unit Type
3 Bedroom
Units Total
Yes
Annual Rent
3000

Price Calculations

Current Price To SqFt
441.67

Section Details

Parcel Number MLX
0010

Originating Details

Originating System Key
563481704
Originating System ID
M00000151
IDX
Listing Office: Eleventrust LLC
Last Updated: September - 16 - 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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