761 Northwest 1st Street, Miami, FL 33128
A fully stabilized, impact-resistant 16-unit community with private rear yards and modern interiors.
- Added:
- Jun 16, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 20 at 8:34 am
Property Features for 761 Northwest 1st Street
General Information
- Standard status
- Active
- Size
- 14,212 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2017
Listing agent Arthur Porosoff License #3160379
Listing office Porosoff Group (305) 209-8866
Listing date Jun 16, 2026
Source Crexi
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 Porosoff Group
HighLights
- 16‑unit boutique multifamily community at 761–771 NW 1st Street, delivered in two phases (2017 and 2019).
- Fully stabilized with 100% occupancy; no lease‑up risk and no concession burn‑off.
- Concrete and CMU construction with impact‑rated glazing and key‑card entry.
- Modern interiors include polished concrete floors, custom millwork, quartz counters, and 9'+ ceilings.
- Four 2BR‑A flats feature 13'+ ceilings and each includes a 750 SF private rear yard.
Overview
Located at 761-771 NW 1st Street in Little Havana, the property is positioned within easy reach of major destinations, including approximately ten minutes to Brickell, twelve minutes to Wynwood, fifteen minutes to the Health District, and twenty-three minutes to MIA.
For buyers seeking a stabilized residential income asset, the property is fully stabilized with one hundred percent occupancy, with no lease-up risk and no concession burn-off as stated in the offering. The combination of durable construction, secure access, and unit features such as private outdoor space and updated finishes supports a straightforward fit for long-term rental operations.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $511.6k | $36.00 |
| − Vacancy | −$34.3k | −$2.41 |
| EGI | $477.4k | $33.59 |
| − OpEx | −$214.8k | −$15.11 |
| NOI | $262.5k | $18.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.20733
- Latitude
- 25.77493
