$8,200,000
2400 NW 16th St Rd, Miami FL 33125
178 days on marketPrice reduced $600,000 on Jul 18, 2026
- Living area
- 25,899 sqft
- Price per sqft
- $317
- Type
- Quadruplex
- Year built
- 1974
- Taxes
- $70,391/yr
- MLS #
- A12014138
About this home
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.
Estimated subtotal
$5,866/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $5,866
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami, 33125
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of The Keyes Company
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.