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Furnished Short-Term Rental Studio
For Sale
$709,000

398 NE 5th St # 2112, Miami, FL 33132

Fully furnished studio with an equipped kitchen, in-unit laundry, and access to hotel-style amenities.

Property Size341 SF
Price / SF$2,079
Days on Market75

Property Features for 398 NE 5th St # 2112

General Information

Standard status Active
Size 341 SF
Property subtype Hotel/Motel

Units

Unit Mix 1 x studio
Multifamily Units 1

Additional Details

Furnished Yes

Taxes and HOA fees

Annual Taxes $9,820

Amenities

rooftop pool
poolside bar
restaurant
two-story gym
valet parking
washer & dryer

Building Details

Building Size 341 SF
Year Built 2022
Listing Agency: Damar Florida Real Estate
Listed By: Mirtha Garcia · License #3258052
Source: Casacollectiongroup
Added: Jun 18 Changed: Aug 29 Last Checked: Aug 30 at 11:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Damar Florida Real Estate

Investment Insights

Based on property information with market context.

This 341-square-foot studio at THE ELSER Hotel & Residences was completed in 2022 and is offered fully furnished. The unit includes a king-size bed, pull-out sofa, equipped kitchen, and an in-unit washer and dryer. Short-term rental arrangements may be managed through Airbnb, VRBO, or directly by the hotel, as stated in the property information.

Residents and guests have access to a rooftop pool with a poolside bar and restaurant, a two-story gym, and valet parking. The property is in Downtown Miami, within steps of Bayside Marketplace and the Port of Miami, with panoramic Biscayne Bay views from the studio.

Key Highlights

  • 341‑square‑foot furnished studio at THE ELSER Hotel & Residences
  • Completed in 2022
  • King‑size bed and pull‑out sofa

Property Analytics

Current Use

Corner Coffee Miami Cafe & Coffee Shop SKYX Platforms Industrial Manufacturer ViceVersa Miami Restaurant Natalie Mery, Miami ... Real Estate Agency Property Markets Group Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Restaurant Pet Grooming Service Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

16,985
Businesses Nearby

Demographics for 33132, FL

18,159
Population
12,725
Households
1.4
Avg Household Size
35
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
12,106
Density / Sq Mi
$109,505
Median Household Income
$71,509
Median Earnings
$2,534
Median Rent
$545,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Fully furnished studio with an equipped kitchen, in-unit laundry, and access to hotel-style amenities.
Where is this short term rental property located?
The property is located at 398 NE 5th St # 2112 Miami, FL.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: 341‑square‑foot furnished studio at THE ELSER Hotel & Residences; Completed in 2022; King‑size bed and pull‑out sofa
More about this property
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