Price Check
How this price compares
- List price
- $18,750,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 8
This commercial property in ZIP 33127 is listed at $18,750,000. It has been on the market for 8 days.
Estimated monthly payment
$98,539 /mo
Principal and interest only, based on $3,750,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $18,750,000
- Days on Site
- 8 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 42,452 sqft
- Lot Size
- 2.22 Acres
- Year Built
- 1960
- Property Type
- Commercial
- MLS #
- A12089534
- County
- Miami Dade
- Status
- Active
About This Property
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.
Virtual TourGeneral Features
- Property Type
- Commercial
- Status
- Active
- Year Built
- 1960
- Parking
- Common
- Lot Size (Acres)
- 2.22
- Total Sq Ft
- 42,452
- Water Source
- Public
- Zoning
- 3900
Community & HOA
- Financing Terms
- Cash / Conventional
- MLS Area
- 2310
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 12,142
- Median List Price
- $639,000
- Median $/Sq Ft
- $497
- Avg Days on Market
- 138
Frequently Asked Questions
- How do I schedule a tour of 5601 NW 1st Avenue, Miami, FL 33127?
- Use the Tour button on this listing to request a showing of 5601 NW 1st Avenue, Miami, FL 33127. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5601 NW 1st Avenue, Miami, FL 33127 still available?
- 5601 NW 1st Avenue, Miami, FL 33127 is currently listed as Active, and has been on the market 8 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5601 NW 1st Avenue, Miami, FL 33127?
- With 20% down ($3,750,000) on the $18,750,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5601 NW 1st Avenue, Miami, FL 33127 is about $98,539/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5601 NW 1st Avenue, Miami, FL 33127?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5601 NW 1st Avenue, Miami, FL 33127. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 5601 NW 1st Avenue, Miami, FL 33127?
- Often, yes. The right offer on 5601 NW 1st Avenue, Miami, FL 33127 depends on how it's priced against comparable commercial sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Eleventrust LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated September 16, 2026.
$18,750,000
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Listed by David Fermoselle, Eleventrust LLC
Map & Location
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Recent Sales
Recently sold homes in ZIP 33127
These are the last 6 recorded closings in ZIP 33127, with the price each home actually sold for rather than what it was listed at. They closed at a median of $432 per square foot. The most recent closed on October 2, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$580,000
Sold · October 2, 2026
750-752 NW 52nd Street
0 bed · 0 bath · 1,343 sqft · $432/sqft
$94,900 under the asking price
Sold$3,000,000
Sold · September 30, 2026
2428 NW 7th Avenue
0 bed · 0 bath
$500,000 under the asking price
Sold$415,000
Sold · September 24, 2026
3348 NW 9th Avenue
3 bed · 2 bath · 1,368 sqft · $303/sqft
$35,000 under the asking price
Sold$618,500
Sold · September 22, 2026
235 NW 59th Street
3 bed · 3 bath · 1,582 sqft · $391/sqft
$12,501 over the asking price
Sold$520,000
Sold · September 18, 2026
349 NW 41st Street
2 bed · 1 bath · 927 sqft · $561/sqft
$20,000 under the asking price
Sold$1,200,000
Sold · September 14, 2026
36 NW 32nd Street
2 bed · 2 bath · 1,172 sqft · $1,024/sqft
$90,000 under the asking price
See every recorded sale in ZIP 33127 or find out what your ZIP 33127 home is worth.
