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2400 NW 16th St Road

Miami, FL 33125
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Bed 3

Bed

Bath 2

Bath

SqFt25,899

Sqft

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.

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $8,200,000

AD Id : 78008833

MLS Id : A12014138

Beds : 3

Living Area Size : 25,899

Year Built : 1974

County : Miami-Dade

Subdivision: Kays Estates

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Feature Features

  • Interior Features

    Roof: BuiltUp, Other
    Laundry Features: Outside
  • Heating & Cooling

    Has Heating: Yes Heating: Central, SeparateMeters Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1974
    Building Area Total: 25899
    Construction Materials: Block
    Patio And Porch Features: Open, Patio, Balcony
    Pool Features: InGround
    Private Pool: Yes
  • Exterior Features

    Exterior Features: Balcony, OutdoorLivingArea

  • Lot Information

    Lot Description: CornerLot

    Property Information

    Subdivision: KAYS EST Source Property Type: ResidentialIncome Postal Code Plus 4: 1251 Property SubType: Quadruplex Property Age: 52

  • Listing Price Information

    Listing Price: $8200000
    Original Price: $8800000
    Cash, Conventional, OwnerWillCarry, Other

  • Tax Information

    Parcel Number: 0131340230010 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

  • Parking Information

    Parking Total: 45

    Homeowners Association Information

    Association Amenities: Elevators

  • School Information

    Elementary School: Comstock Junior High School: Citrus Grove Senior High School: Miami Jackson
  • Utility Information

    CableAvailable
  • Location Information

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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1218 NW 4th St, Miami, FL, 33125 $850,000 3 1 2,640 2,640 SqFt
1680 NW 22nd Ct, Miami, FL, 33125 $1,100,000 6 5 3,264 3,264 SqFt
600 NW 25th Ct, Miami, FL, 33125 $1,495,000 8 4 3,628 3,628 SqFt
733 NW 33rd Ave, Miami, FL, 33125 $1,290,000 -- -- 3,114 3,114 SqFt
41 NW 33rd Avenue, Miami, FL, 33125 $750,000 3 2 1,496 1,496 SqFt
26 NW 24th Ct, Miami, FL, 33125 $715,000 3 3 2,892 2,892 SqFt
300 NW 13th Ave, Miami, FL, 33125 $950,000 4 3 1,805 1,805 SqFt
1346 NW 6th St, Miami, FL, 33125 $1,400,000 5 5 2,888 2,888 SqFt
870 NW 14th Court, Miami, FL, 33125 $899,900 -- -- 2,415 2,415 SqFt
130 NW 16th Avenue, Miami, FL, 33125 $1,350,000 4 3 1,912 1,912 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 12:26

MLS: A12014138 LISTED BY: Juan Garcia, The Keyes Company 954-966-0631 SOURCE: Beaches MLS

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