2400 NW 16th St Rd
Miami, FL 33125
3
Bed
2
Bath
25,899Sqft
Current cap rate: 6.15%. 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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: BuiltUp, OtherWindow Features: ImpactGlass -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1974Building Area Total: 25899Construction Materials: BlockStories: 4Patio And Porch Features: Balcony, Open, PatioPool Features: InGround, PoolPrivate Pool: No -
Exterior Features
Exterior Features: Balcony, Fence, Patio
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Lot Information
Lot Description: CornerLotProperty Information
Subdivision: KAYS EST Source Property Type: ResidentialIncome Postal Code Plus 4: 1251 Zoning Description: 4600 Property SubType: Quadruplex Property Age: 52
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Listing Price Information
Listing Price: $8800000Cash, Conventional, OwnerMayCarry, Other
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Tax Information
Parcel Number: 01-31-34-023-0010 Tax Year: 2025 Annual Tax: $70391 Tax Legal Desc: KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO
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Parking Information
Parking Total: 45
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Utility Information
CableAvailable -
Location Information
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3061 NW 14th St, Miami, FL, 33125 | $890,000 | 6 | 4 | 3,158 | 3,158 SqFt |
| 3008 NW 13th St, Miami, FL, 33125 | $1,250,000 | 5 | 7 | 3,345 | 3,345 SqFt |
| 538 NW 20th Ave, Miami, FL, 33125 | $965,000 | -- | -- | 2,666 | 2,666 SqFt |
| 3524 NW 4th Ter, Miami, FL, 33125 | $1,399,000 | 8 | 8 | 4,350 | 4,350 SqFt |
| 250 NW 34th Ave, Miami, FL, 33125 | $874,990 | 5 | 3 | 1,854 | 1,854 SqFt |
| 605 NW 34th Ave, Miami, FL, 33125 | $1,700,000 | 6 | 5 | 5,334 | 5,334 SqFt |
| 1538 NW 15th Avenue, Miami, FL, 33125 | $675,000 | 5 | 3 | 2,000 | 2,000 SqFt |
| 1680 NW 22nd Ct, Miami, FL, 33125 | $1,100,000 | 6 | 5 | 3,264 | 3,264 SqFt |
| 1130-1132 NW 34th Ave, Miami, FL, 33125 | $765,000 | 5 | 4 | 1,824 | 1,824 SqFt |
| 3532 NW 4th Ter, Miami, FL, 33125 | $700,000 | 4 | 2 | 1,868 | 1,868 SqFt |
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Nearby For Sale
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ByOwner last updated this listing 06/16/2026 @ 16:56
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