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$8,200,000
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Property Description
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.
Full Property Details
Full Property Details for 2400 NW 16th St
General
- Price: $8,200,000
- Taxes: $70,391 (2025)
- Status: Active
- Type: Multi-Family
- Source: Martin_County
- MLS ID: A12014138
- Updated: 9/6/2026
- Added to Site: 125 day(s) ago
Interior
- Flooring: Other
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: In Ground
Exterior
- Exterior Features: Balcony, Fence, Patio
- Porch/Patio/Deck: Balcony, Covered, Open, Patio
Parking
- Covered Spaces: 45
- Total Spaces: 45
Location
- Area: 2310
- County: Miami-Dade
- Subdivision: KAYS EST
Community
- Community Name: 2310
- Assoc. Fees Include: Hot Water, Maintenance Grounds, Pest Control, Pool(s), Sewer, Trash, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Structural Information
- Construction: Block, Concrete
- Roof: Built-Up, Other
- Windows: Impact Glass, Storm Window(s)
- Stories/Levels: 4
- Square Feet: 25,899
- Living Area: 25,899 Sq. Ft.
- Year Built: 1974
- Property Condition: Resale
Lot Features
- Lot Features: Corner Lot
- Zoning: 4600
Financial Considerations
- Tax Amount: $70,391
- Tax Year: 2025
- Terms: Cash, Conventional, Owner May Carry, Other
Disclosures and Reports
- 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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Schools
Schools serving 2400 NW 16th St
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
Date
Details
Price
Change
Source
5/06/2026
Listed
$8,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2400 NW 16th St
2400 NW 16th St, Miami, FL 33125 (MLS# A12014138) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 2400 NW 16th St is currently listed for $8,200,000 and was received on May 06, 2026. Want to learn more about 2400 NW 16th St? Do you have questions about finding other Multi-Family real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.

