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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

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 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.

More Information MLS# A12089534

Contract Information

Comp Sale YN: No Listing Date: 2026-09-15 Status: Active Original List Price: 18750000 List Price: $18,750,000 Current Price: $18,750,000

Location and Legal

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

General Property Information

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

Office/Member Information

DXORIGMLSID: SEF

Parking Features

Common: 1

Tenant Pays

Electricity: 1 Interior Electric: 1

Possession

Close Of Escrow: 1

Listing Terms

Cash: 1 Conventional: 1

Water Source

Public: 1

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 Beds Total: 1 Annual Rent: 1633

Description of Unit Type 3

Unit Type: 2 Bedroom Units Total: 14 Beds Total: 2 Annual Rent: 2082

Description of Unit Type 4

Unit Type: 3 Bedroom Units Total: 1 Beds Total: 3 Annual Rent: 3000

Showing Requirements

Call Listing Agent: 1

Price Calculations

Current Price To SqFt: 441.67

Section Details

Parcel Number MLX: 0010

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

Originating Details

Originating System Key: 563481704 Originating System ID: M00000151

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
Listing Office: Eleventrust LLC
Last Updated: September - 16 - 2026
5601 NW 1st Avenue, Miami, FL 33127- MLS# A12089534
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