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.
For sale
Price cut: $600K (7/18)
$8,200,000
2400 NW 16th Street Rd, Miami, FL 33125
3beds
2baths
25,899sqft
Quadruplex
Built in 1974
-- sqft lot
$-- Zestimate®
$317/sqft
$-- HOA
What's special
Swimming poolNew elevatorAmple parkingImpact windows and doors
- 145 days
- 205
- 12
Zillow last checked:
Listing updated:
Listed by:
Juan Garcia 954-995-8360,
The Keyes Company
Source: MIAMI,MLS#: A12014138
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Features
- Elevator, Stairs
- Flooring: Other
- Windows: High Impact Windows, Impact Glass, Verticals
Interior area
- Total structure area: 25,899
- Total interior livable area: 25,899 sqft
Video & virtual tour
Property
Parking
- Total spaces: 45
Features
- Stories: 4
- Patio & porch: Patio
- Exterior features: Balcony
- Has private pool: Yes
- Pool features: In Ground
- Fencing: Fenced
Lot
- Features: Corner Lot
Details
- Parcel number: 0131340230010
- Zoning: 4600
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Concrete Block Construction, CBS Construction
- Roof: Built-Up,Other
Condition
- Updated/Remodeled
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: Kays Est
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $317/sqft
- Annual tax amount: $70,391
- Date on market: 5/6/2026
- Listing terms: All Cash,Conventional,Owner Will Carry
- Total actual rent: 695952
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2026 | Price change | $8,200,000-6.8%$317/sqft |
Source:  MIAMI #A12014138 Report a problem | ||
| 5/6/2026 | Listed for sale | $8,800,000-2.2%$340/sqft |
Source: MIAMI #A12014138 Report a problem | ||
| 5/6/2026 | Listing removed | $9,000,000$348/sqft |
Source: MIAMI #A11899193 Report a problem | ||
| 10/20/2025 | Listed for sale | $9,000,000+63.6%$348/sqft |
Source: MIAMI #A11899193 Report a problem | ||
| 7/26/2021 | Listing removed | -- |
Source: MIAMI #A10947193 Report a problem | ||
| 7/25/2021 | Listed for sale | $5,500,000$212/sqft |
Source: MIAMI #A10947193 Report a problem | ||
| 4/27/2021 | Listing removed | -- |
Source: MIAMI #A10947193 Report a problem | ||
| 10/23/2020 | Listed for sale | $5,500,000$212/sqft |
Source: MIAMI #A10947193 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Flagami
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