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.
Multi-Family home for sale in Miami, FL at 2400 Nw 16th St Road. This Multi-Family home is priced at $317/sqft
Features of 2400 Nw 16th St Road
| MLS® # | A12014138 |
|---|---|
| Price | $8,200,000 |
| Square Footage | 25,899 |
| Year Built | 1974 |
| Type | Multi-Family |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information: Miami
| Address | 2400 Nw 16th St Road |
|---|---|
| Area | 2310 |
| Subdivision | KAYS EST |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33125 |
Amenities of 2400 Nw 16th St Road
| Amenities | Elevator(s) |
|---|---|
| Utilities | Cable Available |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | In Ground |
Interior of 2400 Nw 16th St Road
| Heating | Central, Separate Meters |
|---|---|
| Cooling | Central Air |
| # of Stories | 4 |
Exterior of 2400 Nw 16th St Road
| 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 On 2400 Nw 16th St Road
| Listing Courtesy of | The Keyes Company |
|---|---|
| Date Listed | May 6th, 2026 |
| Zoning | 4600 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | The Keyes Company |
|---|