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
...
(Read more)
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 growth and increasing demand for quality rental housing.This offering presents investors with a compelling value-add opportunity through operational improvements, rental rate growth, and asset repositioning. Additionally, the property's sizeable land area and favorable zoning provide significant long-term redevelopment potential, making it an attractive acquisition for both cash-flow-focused investors and future developers seeking scale in a supply-constrained Miami market.
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
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.
