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 ID: | A12089534 |
|---|---|
| Property Type: | Commercial/Industrial |
| Status: | Active |
| Bathrooms Full: | 0 |
| Waterfront?: | No |
| County Or Parish: | Miami-dade County |
| Postal Code: | 33127 |
| Listing Contract Date: | 2026-09-15 |
| Status: | Active |
| Parking Features: | Common |
| Postal Code Plus4: | 1651 |
| State Or Province: | FL |
| Water Source: | Public |
| Building Area Units: | Square Feet |
| Living Area Units: | Square Feet |
| Net Operating Income: | $1,022,000 |
| Parcel Number: | 01-31-13-080-0010 |
| Public Survey Range: | 31 |
| Public Survey Township: | 31 |
| Stories Total: | 3 |
| Tenant Pays: | Electricity |
| Zoning: | 3900 |
| Internet Remarks: | 5601 NW 1st Av presents a rare opportunity to acquire a 91-unit multifamily community in one of Miami's most rapidly evolving urban corridors. |
| Ok To Advertise ListMiamire Ok To Advertise List: | With Written Broker Approval |
| List Price: | $18,750,000 |
|---|---|
| Property Sub Type: | Income/MultiFamily |
| Bathrooms Half: | 0 |
| Lot Size Square Feet: | 96,507 |
| City: | Miami |
| Year Built: | 1960 |
| Stories: | 3 |
| Building Area Total: | 42452 |
| Business Type: | Apartments, Residential-Multi-Family |
| Gross Income: | $1,869,000 |
| Listing Terms: | All Cash, Conventional/Refinance |
| Lot Size Units: | Square Feet |
| Number Of Buildings: | 10 |
| Number Of Units In Community: | 91 |
| Original List Price: | $18,750,000 |
| Public Survey Section: | 13 |
| Special Listing Conditions: | Sale |
| AreaMiamire Area: | 31 |
Listing Courtesy of: Eleventrust LLC
305-299-4124
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Copyright 2026 MIAMI REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIAMI REALTORS® MLS data last updated on October 08, 2026 09:53 PM - PT
Property Last Updated: October 08, 2026 09:53 PM - PT
