2400 NW 16th St Rd Miami FL 33125 MLS #A12014138
2400 NW 16th St Rd
Miami, FL, 33125
$8,800,000
Beds
0 Baths
25,899 SqFt
0 Acres
$8,800,000
2400 NW 16th St Rd
Miami, FL, 33125
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Current cap rate: 6.15%. 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.

Property Details

Price:
$8,800,000
MLS #:
A12014138
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
KAYS EST
Neighborhood:
kaysest
Listed Date:
May 6, 2026
Finished Sq Ft:
25,899
Total Sq Ft:
25,899
Year Built:
1974
Units:
27
PoolKays EstKaysestKays Est

Schools

Interior

Cooling
Central Air
Flooring
Other
Heating
Central
Interior Features
Elevator, Stairs

Exterior

Building Features
Laundry Facility
Construction Materials
Concrete Block Construction, CBS Construction
Exterior Features
Balcony, Open Balcony
Fencing
Fenced
Lot Features
Corner Lot
Parking Spots
45
Parking Total
45
Patio And Porch Features
Open Balcony, Patio
Roof
Built-Up, Other
Stories
4
Window Features
High Impact Windows, Impact Glass, Verticals

Financial

Net Operating Income
$541,296
Tax Year
2025
Taxes
$70,391
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Current real estate data for Multi Family in Miami as of May 30, 2026
514
Multi Family Listed
150
Avg DOM
469
Avg $ / SqFt
$1,132,839
Avg List Price

Community

Subdivisions in Miami

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Property Summary

    Located in the KAYS EST subdivision, 2400 NW 16th St Rd Miami FL is a Multi Family for sale in Miami, FL, 33125. It is listed for $8,800,000
2400 NW 16th St Rd
Miami, FL