501 First Residences

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

1 baths · 447 ft²

For Sale · Active Listing

$2,850

1.72%

Est. Payment $15/mo

MLS Sheet Video

Bathrooms

447

Sq. Ft.

2025

Year Built

Stories

Days on Market

Description

Turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings. 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

MLS#: A12014083
Subdivision: 501 First Residences
Property Type: Residential Lease
Property Sub Type: Condominium
Year Built: 2025
Lot Size: 0 sqft
Sq. Ft.: 447 ft²
Sq. Mt.: 42 m²
Price per sq. ft.: $6/ft²
Price per sq. mt.: $68/m²
Stories: 40
Garage: —
Pool: —
Days on Market: 7 days
Listed: May 6, 2026
Last Updated: May 13, 2026
Price/Lot Sq.Ft.: —

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/13/2026	Price change	$2,850-1.7%
5/6/2026	Listed for sale	$2,900

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

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

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Kla Elementary
KG,1,2,3,4,5 · private · 0.1 mi
Worlded International School
6,7,8,9,10,11,12 · private · 0.3 mi
Mater Academy East Charter
KG,1,2,3,4,5 · charter · 0.4 mi
Mater Academy East Charter School
6,7,8,9,10,11,12 · charter · 0.4 mi
Key Point Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
Key Point Academy
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
Southside Elementary School
PK,KG,1,2,3,4,5,6,7,8 · public · 0.4 mi
KLA Academy
PK,KG,1,2,3,4,5 · private · 0.4 mi
Brickell International Academy
PK,KG · private · 0.5 mi
Tiniciti Preschool
PK,KG · private · 0.6 mi

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$9,500

gross income / month to qualify

Monthly rent$2,850

Required annual income$114,000

Security deposit (est.)$2,850

Move-in cost (1st + last + security)$8,550

Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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Updated 9 hours ago