121 NE 5th Street 401B, Miami, FL 33132 — MLS photo

Get More Info About This Property

121 NE 5th Street 401B, Miami, FL 33132

Active · Condominium

$439,000

121 NE 5th Street 401B, Miami, FL 33132

Beds
0
Baths
1
Living area
447 sq ft
$ / sq ft
$982/sq ft
Year built
2025
Lot size
—
HOA fee
$563
Annual tax
—

About this property

Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.

Property location

Get Directions

121 NE 5th Street 401B, Miami, FL 33132

Loading property location…

Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
447 sq ft

Exterior & Structure

Property type
Condominium
Year built
2025

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$563
County
Miami-Dade
MLS listing ID
A11961990
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,784

Cap rate
0.8%
Net yield
0.8%
Cash-on-cash return
-17.4%
Gross yield
5.5%
Mortgage payment
$2,081/mo
Down payment
$109,750
Loan amount
$329,250
Annual NOI
$3,560

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.