For sale

Price cut: $600K (7/18)

$8,200,000

2400 NW 16th Street Rd, Miami, FL 33125

3beds

2baths

25,899sqft

$56,238/mo

Get pre-qualified

Quadruplex

Built in 1974

-- sqft lot

$-- Zestimate^®

$317/sqft

$-- HOA

What's special

Swimming poolNew elevatorAmple parkingImpact windows and doors

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.

99 days

252

20

Facts & 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

View 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

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