How much is 5601 NW 1st Avenue?

5601 NW 1st Avenue is listed at $18,750,000, about $442 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is the cap rate on 5601 NW 1st Avenue?

The listing reports net operating income of $1,022,000 a year, a cap rate of about 5.5% at the $18,750,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.

What is 5601 NW 1st Avenue zoned?

The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 5601 NW 1st Avenue?

The listing reports 42,452 square feet of building.

When was 5601 NW 1st Avenue built?

5601 NW 1st Avenue was built in 1960. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

How do I tour 5601 NW 1st Avenue?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

5601 NW 1st Avenue, Miami, FL 33127

$18,750,000 · $442 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $18,750,000
Price per sq ft: $442
Building size: 42,452 sq ft
Lot size: 2.22 acres
Zoning: 3900
Year built: 1960
Units: 4
Net operating income: $1,022,000/yr
Cap rate: 5.5%
Tenant pays: Electricity, Interior Electric
Buildings: 10
Parcel ID: 0131130800010
MLS#: A12089534

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.

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
Efficiency	2	—	—	$115/mo	—
1 Bedroom	74	1 / —	—	$136/mo	—
2 Bedroom	14	2 / —	—	$174/mo	—
3 Bedroom	1	3 / —	—	$250/mo	—

91 units. Reported rent $155,760 a year ($12,980 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross income	$1,869,000/yr
Net operating income	$1,022,000/yr
Cap rate at asking price	5.5%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Eleventrust LLC · info@eleventrust.com · Listing agent: David Fermoselle

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 5601 NW 1st Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 5601 NW 1st Avenue

How much is 5601 NW 1st Avenue?: 5601 NW 1st Avenue is listed at $18,750,000, about $442 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is the cap rate on 5601 NW 1st Avenue?: The listing reports net operating income of $1,022,000 a year, a cap rate of about 5.5% at the $18,750,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 5601 NW 1st Avenue zoned?: The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 5601 NW 1st Avenue?: The listing reports 42,452 square feet of building.
When was 5601 NW 1st Avenue built?: 5601 NW 1st Avenue was built in 1960. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 5601 NW 1st Avenue?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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