Multifamily in Miami, FL 33125
2400 NW 16th Street Rd

Own in Miami?
Beds
25,899
SqFt
$317
$/SqFt
MultifamilyProperty Type
1974Year Built
$317/SqFtPrice per sq ft
FourplexStyle
BalconyExterior Features
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.
Listing Courtesy Of: The Keyes Company
Local Realty Services Provided By: Best of Luxury Realty
On Site: 173 DaysUpdated: 100 Days agoPage Views: 0

Features

MLS Number: A12014138
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Balcony,Fence,Patio
      Interior, Heating and Cooling
      • Heating Description: Central
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: Laminate,Other
      • Windows/Treatment: ImpactGlass
      • Year Built: 1974
      • Year Built Description: Resale
      • Style: Fourplex
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2026-05-06T12:08:36.000-00:00
        Taxes, Fees & More
        • Taxes: 70391

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        Price History

        Current
        $8.2M
        High
        $8.8M
        Low
        $8.2M
        Total Change
        -6.8%
        $8.9M$8.5M$8.1MMay 26Jul 26
        Date
        Event
        Price
        Change
        Price Per
        07/18/2026
        Price Reduced
        $8.2M
        -6.82%
        $317 ft2
        $3,408 m2
        05/06/2026
        Listed
        $8.8M
         
        $340 ft2
        $3,657 m2
        07/18/2026
        $8.2M
        Event
        Price Reduced
        Change
        -6.82%
        Price Per
        $317 ft2
        $3,408 m2
        05/06/2026
        $8.8M
        Event
        Listed
        Price Per
        $340 ft2
        $3,657 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Juan Garcia • The Keyes Company • Buyer Agency Compensation .
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