About 2400 Nw 16th St Road
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.
Features of 2400 Nw 16th St Road
| MLS® # | A12014138 |
|---|---|
| USD | $8,200,000 |
| CAD | $11,478,770 |
| CNY | 元54,936,720 |
| EUR | €7,143,479 |
| GBP | £6,124,662 |
| RUB | ₽689,489,620 |
| Year Built | 1974 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
| HOPA | No Hopa |
Community Information
| Address | 2400 Nw 16th St Road |
|---|---|
| Area | 2310 |
| Subdivision | KAYS EST |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33125 |
Amenities
| Amenities | Elevator(s) |
|---|---|
| Utilities | Cable Available |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | In Ground |
| Subdivision Amenities | Elevator(s) |
| Guest House | No |
Interior
| Heating | Central, Separate Meters |
|---|---|
| Cooling | Central Air |
| # of Stories | 4 |
Exterior
| Exterior Features | Balcony |
|---|---|
| Lot Description | Corner Lot |
| Roof | Built-Up, Other |
| Construction | Block, CBS |
School Information
| Elementary | Comstock |
|---|---|
| Middle | Citrus Grove |
| High | Miami Jackson |
Additional Information
| Date Listed | May 6th, 2026 |
|---|---|
| Days on Market | 138 |
| Zoning | 4600 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 0131340230010 |
Listing Details
| Office | The Keyes Company |
|---|---|
| estebangsrealtor@gmail.com |