Date
Details
Price
Change
Source
5/06/2026
Listed
$8,800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$8,800,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 2400 NW 16th St Rd
General
- Price: $8,800,000
- Taxes: $70,391 (2025)
- Status: Active
- Type: Multi-Family
- Source: Greater_Miami
- MLS ID: A12014138
- Updated: Today (5/6/2026)
- Added to Site: Today
Rental Information
- Rent Includes: Hot Water, Gardener, Pest Control, Pool Maintenance, Sewer, Trash Collection, Water
Interior
- Interior Features: Elevator, Stairs
- Flooring: Other
Additional Information
- Pool: Yes
- Pool Description: In Ground
Exterior
- Exterior Features: Balcony, Open Balcony
- Deck/Patio: Open Balcony, Patio
Parking
- Total Spaces: 45
Location
- Area: Kays Est
- County: Miami-Dade County
- Subdivision: KAYS EST
- Building Name: KAYS EST
Community
- Community Name: Kays Est
- Units Assoc/Comm: 2
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
Structural Information
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Construction: Concrete Block Construction, CBS Construction
- Roof: Built-Up, Other
- Windows: High Impact Windows, Impact Glass, Verticals
- Stories/Levels: 4
- Building Size: 25899
- Square Feet: 25,899
- Living Area: 25,899 Sq. Ft.
- Year Built: 1974
- Property Condition: Substantially Remodeled
- Other Struct. Feat.: Laundry Facility
Unit Information
- Units in Complex: 2
Lot Features
- Lot Features: Corner Lot
- Zoning: 4600
- Fencing (Description): Fenced
Financial Considerations
- Price Per Sq. Ft.: $339.78
- Tax Amount: $70,391
- Tax Year: 2025
- Terms: All Cash, Conventional, Owner Will Carry
Disclosures and Reports
- Documents Avail.: Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
- Legal Description: KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO
- Property ID: 01-31-34-023-0010
Listed by The Keyes Company
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Listing agent
— 2400 NW 16th St Rd —
The Keyes Company
954-995-8360
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2400 NW 16th St Rd
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Comstock Elementary School 2420 Northwest 18th Avenue, Miami, FL 33142 | PK-5 | 0.9 mi |
Citrus Grove Middle School 2153 Northwest 3rd Street, Miami, FL 33125 | 6-8 | 0.9 mi |
Miami Jackson Senior High School 1751 Northwest 36th Street, Miami, FL 33142 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2400 NW 16th St Rd
Estimate the Cost
Estimate the Cost for 2400 NW 16th St Rd
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2400 NW 16th St Rd, Miami, FL 33125 (MLS# A12014138) is a Multi-Family property with 27 units containing 0 bedrooms and 0 full bathrooms. 2400 NW 16th St Rd is currently listed for $8,800,000 and was received on May 06, 2026. Want to learn more about 2400 NW 16th St Rd? Do you have questions about finding other Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.