Multifamily in Miami, FL 33125
Blanton Park, 1621 NW 16th St

$1.5M30%
$1,050,000
3,728
SqFt
Status
Sold - Feb 26, 2025
Size
3,728 SqFt (346 m2)
Price
$282/SqFt ($3,032/m2)
Type
Multifamily
Built
1978
MLS Number
A11670107
On Site
712 Days
Updated
18 Days ago
Page Views
0
Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought- after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: WallFurnace
        • Cooling Description: CeilingFans,Electric
        Building and Construction
        • Floor Description: CeramicTile,Other
        • Year Built: 1978
        • Year Built Description: Effective Year Built
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-10-02T15:49:21.000-00:00
          Taxes, Fees & More
          • Taxes: 12352

          Apples-to-Apples Comparables

           Closest-Match Comparables
          See closest-match comps for this subdivision
          No obligation
          Verified
          Trends
          Insights
          Best of Luxury Realty
          Talk to a local advisor
          Licensed advisors answering your questions across Miami, FL
          01
          Licensed Brokerage
          02
          Local Advisors
          03
          Direct Answers
          Exclusive real estate service partner

          Price History

          Current
          $1.1M
          High
          $1.5M
          Low
          $1.1M
          Total Change
          -30%
          $1.6M$1.3M$996KOct 24Feb 25
          Date
          Event
          Price
          Change
          Price Per
          02/26/2025
          Sold
          $1.1M
          -30%
          $282 ft2
          $3,032 m2
          10/02/2024
          Listed
          $1.5M
           
          $402 ft2
          $4,331 m2
          02/26/2025
          $1.1M
          Event
          Sold
          Change
          -30%
          Price Per
          $282 ft2
          $3,032 m2
          10/02/2024
          $1.5M
          Event
          Listed
          Price Per
          $402 ft2
          $4,331 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Julian YukenGuillen • Buyer Agency Compensation .

          Listing Location & Street View
          MapStreet View

          Peer Listings

          Active listings from matched communities
          Results 0 of 0
          No listings found
          Try adjusting your filters or changing your location to see available listings
          Turn on listing alerts and we'll notify you
          when matching listings appear

          Scores

          Walk Score®
          Very Walkable. Most errands can be accomplished on foot
          81

          100
          Transit Score®
          Good Transit. Many nearby public transportation options
          62

          100
          Bike Score®
          Bikeable. Some bike infrastructure
          52

          100
          Sound Score®
          Very loud
          74

          100
          Airport Score
          Close to airports. Noticeable airport activity
          4

          100
          Traffic Score
          Congested area. Frequent traffic delays
          33

          100
          Local Score
          Limited local amenities nearby
          3

          100
          Community Snapshot
          1,513 - 3,920
          SqFt Range
          1971
          Year Build

          Subdivision Amenities

          Laundry

          Miami
          Premium
          Premium Homes & Condos