2400 NW 16th St Road
Miami, FL, 33125
$8,200,000
Current cap rate: 7%. Exceptional 27-unit multifamily property in the heart of Little Havana. Strong and stable income with significant upside potential through rent adjustments or renovations. All units are currently under contract, with most leases recently renewed through May 2027, providing immediate income stability. Units rent quickly with minimal annual turnover, and the majority of tenants are long-term residents. Property features include central A/C, a new elevator, swimming pool, laundry facilities with new machines, impact windows and doors, and ample parking. Prime location just minutes from Brickell, Downtown Miami, and Coral Gables.
Current real estate data for Multi Family in Miami as of Nov 03, 2026
546
Multi Family Listed
127
Avg DOM
474
Avg $ / SqFt
$1,164,530
Avg List Price
Listing Provided Courtesy of The Keyes Company at 954-966-0631
Property Details
Price:
$8,200,000
MLS #:
A12014138
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
KAYS EST
Neighborhood:
2310
Listed Date:
May 6, 2026
Finished Sq Ft:
25,899
Total Sq Ft:
25,899
Year Built:
1974
Units:
2
Schools
Elementary School:
Comstock
Middle School:
Citrus Grove
High School:
Miami Jackson
Interior
Cooling
Central Air
Flooring
Laminate, Other
Heating
Separate Meters, Central
Laundry Features
Outside
Exterior
Association Amenities
Elevator(s)
Construction Materials
Block, CBS
Exterior Features
Balcony
Fencing
Fenced
Lot Features
Corner Lot
Patio And Porch Features
Patio
Roof
Built-Up, Other
Financial
Tax Year
2025
Taxes
$70,391
Map
Contact Us
Mortgage Calculator
Community
- Address2400 NW 16th St Road Miami FL
- SubdivisionKAYS EST
- CityMiami
- CountyMiami-Dade
- Zip Code33125
Property Summary
- Located in the KAYS EST subdivision, 2400 NW 16th St Road Miami FL is a Multi Family for sale in Miami, FL, 33125. It is listed for $8,200,000 To schedule a showing of MLS#a12014138 at 2400 NW 16th St Road in Miami, FL, contact your Trust House Realty agent at 9543362003.
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