About 121 Ne 5th Street #401b
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.
Features of 121 Ne 5th Street #401b
| MLS® # | A11961990 |
|---|---|
| Price | $439,000 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 447 |
| Year Built | 2025 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 121 Ne 5th Street #401b |
|---|---|
| Area | 2410 |
| Subdivision | 501 First Residences |
| City | Miami |
| Building | 501 First |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33132 |
Amenities
| Amenities | Fitness Center, Pool, Kitchen Facilities, Maintenance |
|---|---|
| Utilities | Cable Available |
| View | Skyline |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 40 |
Exterior
| Construction | CBS |
|---|
School Information
| Elementary | Frederick Douglass |
|---|---|
| Middle | Jose De Diego |
| High | Booker T. Washington |
Additional Information
| Date Listed | February 9th, 2026 |
|---|---|
| Days on Market | 208 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 563 |
| HOA Fees Freq. | Monthly |
| Tax Year | 2025 |
Listing Details
| Office | Optimar International Realty |
|---|