Home » Properties » 5520 NE 1st Ct, Miami FL 33137

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Fourplex Investment Opportunity in Miami, FL

Fourplex with updated 1-bedroom units, hurricane impact windows, and individual meters in Miami's 33137 area.

$1,100,000

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MLS #A11711590

Listing Updated: 2026-07-10 12:36:20

Listed By: JMC Real Estate Miami, Inc

Overview

This residential income property at 5520 NE 1st Ct in Miami offers a fourplex with four updated one-bedroom, one-bathroom units. Built in 1955, the building features hurricane impact glass windows throughout for enhanced safety and durability. Each unit has its own electrical meter located in a dedicated meter room, allowing for easy utility management. The property currently has month-to-month tenants and has recently passed re-certification, making it a viable option for buyers seeking a multi-family investment in a well-established Miami neighborhood. Zoned for opportunity, this fourplex provides a practical income property with potential for long-term occupancy.

Property Highlights

Four updated 1-bedroom units, hurricane impact windows, individual electric meters, month-to-month tenants, opportunity zone location, recent re-certification.

Property Details

City: Miami

State: FL

Zip Code: 33137

Address: 5520 NE 1st Ct, Miami FL 33137

Year Built: 1955

Property Type: Residential Income

Property Sub Type: Quadruplex

Listing Office Name: JMC Real Estate Miami, Inc

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $6,764

Days On Market: 535 Days

Original Listing Description

FOR SALE: Excellent Fourplex Investment Opportunity. Each unit features updated 1 bedroom and 1 bathroom. Hurricane impact glass windows throughout. Individual electrical meters can be found in the dedicated meter room. Month-To-Month Tenants. Recently passed re-certification. Opportunity zoned.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

5520 NE 1st Ct, Miami FL 33137

About This Neighborhood

Located in Miami's 33137 ZIP code, this fourplex benefits from a neighborhood known for its mix of residential and commercial developments. The area offers convenient access to major roads and public transportation, facilitating easy commutes. Local amenities including shops, dining options, and parks contribute to the neighborhood's appeal. The community is evolving, with ongoing improvements that enhance livability. Residents enjoy proximity to Miami's vibrant urban core while residing in a quieter residential setting, making this location attractive for tenants seeking balance between city life and neighborhood comfort.

Walkability & Lifestyle

The property is situated in a neighborhood offering a balanced walkability score, with nearby restaurants, shops, and parks within a short distance. Residents can enjoy casual dining, local markets, and recreational outdoor spaces without extensive travel. Proximity to waterfront areas and urban amenities enhances lifestyle options. Public transit access further supports daily convenience for commuting and errands. This walkable environment appeals to tenants seeking both comfort and accessibility in their living location.

Things To Do Nearby

Nearby residents can enjoy a variety of activities including dining at local eateries, visiting parks, and exploring waterfront spaces. Miami's vibrant cultural scene and recreational options are accessible, offering entertainment and leisure opportunities. Outdoor activities such as boating and walking along nearby marinas or green spaces complement the urban lifestyle. The neighborhood's evolving amenities provide a mix of relaxation and engagement for residents and visitors alike.

Nearby Schools

Families and tenants in the 33137 area have access to a range of educational institutions within reasonable distance. The neighborhood's connectivity allows for convenient travel to nearby public and private schools. This accessibility supports residents with school-age children and contributes to the area's overall residential appeal. While specific school names are not provided, the Miami area is known for diverse educational options catering to various needs and preferences.

Why Buyers Like This Area

Buyers appreciate this fourplex for its updated units, practical layout, and location within a desirable Miami neighborhood. The property's hurricane impact windows and individual meters add to its functionality and tenant appeal. Its zoning and recent re-certification provide assurance for long-term use. The convenience of nearby amenities and transportation options enhances its attractiveness. Overall, buyers value the balance of investment potential and manageable property features in this multi-family offering.

Investment Potential

This fourplex in Miami's 33137 area presents a solid opportunity for investors seeking residential income properties. The presence of updated units and hurricane impact windows adds value and appeal to tenants. Its location within an opportunity zone may offer additional benefits for buyers. With month-to-month leases, the property offers flexibility for future rental strategies. The individual electrical meters simplify utility management, an attractive feature for landlords. Overall, this property suits investors looking for a manageable multi-family asset in a dynamic Miami neighborhood.

Market Trends

Miami's multi-family market continues to attract interest due to steady demand and limited inventory in key neighborhoods like 33137. Properties with updated features and strong tenant appeal, such as this fourplex, remain competitive. Buyers are drawn to income properties that offer flexibility and potential for stable occupancy. The area's zoning and re-certification status support long-term viability. Market trends indicate sustained interest in multi-family investments as part of diversified portfolios, reflecting Miami's ongoing urban growth and rental demand.

Rental Income Potential

This fourplex currently operates with month-to-month tenants, offering flexibility in rental management. The updated one-bedroom units and hurricane impact windows enhance tenant appeal and can support consistent occupancy. Its location in a well-connected Miami neighborhood increases attractiveness for renters seeking convenient access to city amenities and transportation. While rental income can vary, properties like this often draw steady tenant interest due to their condition and location. Investors should consider local market conditions and tenant demand when evaluating rental potential.