Condominium
121 NE 5th Street # 401B
121 NE 5th Street # 401B, Miami FL 33132 Get directions
$439,000
0 Beds · 1 Bath · 447 SqFt
See estimated monthly costThis listing is courtesy of Optimar International Realty. Ginna Rojas
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 447
- Full bathrooms
- 1
- Furnished
- Furnished,Turn Key Furnished
- First Floor Entry
Building & exterior
- Year built
- 2025
- Skyline
- East Of Us1
- None
HOA (homeowners association)
- Association fee
- $563 per month
- Pets allowed
- Yes
- Exercise Room
- Kitchen Facilities
- Pool
- Daily Rentals Allowed
- Restrictions Or Possible Restrictions
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 00-00-00-000-0401
Listing
- MLS number
- A11961990
- Property type
- Condominium
- Price per SqFt
- $982
- Subdivision
- 501 First Residences
- On market since
- Feb 9, 2026
- Days on market
- 234
Estimated monthly cost
$3,112 per month
- Principal & interest (30 yr)
- $2,220
- Property tax
- $0
- Insurance (estimated)
- $329
- Association fee
- $563
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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