1621 NW 16th St

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Description

Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining,...Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought-after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.
  1. Listed by Yolymiler Diaz Guillen • Guillen and Associates Real Estate Consultants, In
    P: (786)-277-6968 C: (786)-277-6968 yoly@guillenandassociates.com

Property Details for 1621 Northwest 16th Street

Area
31
Auction
No

Property Details for 1621 Northwest 16th Street

StatusActive
MLS #A11648585
Days on Market635
Taxes$12,352 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1978
Lot Size0.15 AC / 6,400 SF
CountyMiami-Dade County

Location

Listing Courtesy of Guillen and Associates Real Estate Consultants, In
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Building Information for 1621 Northwest 16th Street

Stories-Residences-Year Built1978Building Size-Lot Size0.15 AC / 6,400 SF

Payment Calculator

$10,497 per month

30 year fixed, 6.36% Interest

Principal and Interest

$9,468

Property Taxes

$1,029

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1621 Northwest 16th Street

Location Information
Location Information
  • Parcel Number Free Text: 01-31-35-004-0230
  • Parcel Number MLX: 0230
  • MLS Area: 31
  • Municipal Code: 1
  • Township Range: 31
  • Section: 35
  • Subdivision Number: 4
  • Unit Count: 0
  • Zoning Information: 4601
General Information
General Information
  • Prop Type-Type of Building: Residential-Multi-Family
  • Building Sq Ft: 3,728
  • Approximate Lot Size: 6400
  • Property Sq Ft: 6400
  • Road Frontage: City Road, County Road
Additional Property Information
Utilities
  • Heating Description: Central Building A/C, Other, Wall/Window Units
  • Cooling Description: Central Individual A/C, Other, Wall/Window Unit Cooling
  • Water Description: Other, Public Water
  • Sewer Description: Other Sewer, Public Sanitation
Additional Property Information
  • Guest Accommodations: No
  • Tenant Pays: Other Tenant Pays
Financial Information
Financial Information
  • Total Mortgage: $126,000
  • Flood Zone: AE
Rental Information
Rent Information
  • Deposit Information: Security Deposit

Property History for 1621 Northwest 16th Street

DateEvent & SourcePriceAppreciation
May 21, 2026

Pending

MiamiRE #A11937772

May 21, 2026

Backup Contract

MiamiRE #A11937772

Jan 2, 2026

Listed (Active)

MiamiRE #A11937772

$1,495,000
DateEvent & SourcePrice
05/21/2026

Pending

MiamiRE #A11937772

05/21/2026

Backup Contract

MiamiRE #A11937772

01/02/2026

Listed (Active)

MiamiRE #A11937772

$1,495,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1621 Northwest 16th Street

Taxable ValueLand$512,000Additions$233,960Total$745,960
Tax Record2025$14,910 ($1,243 / month)
Home Facts
Total Finished SqFt3,728 SqFtAbove Grade Finished SqFt3,728 SqFtStories2Lot Size6,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Zoning4601CountyMIAMI-DADEAPN01-3135-004-0230

Schools near 1621 Northwest 16th Street

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Paul Laurence Dunbar K-8 Center
PublicPK to 8

Citrus Grove Elementary School
PublicPK to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1621 Northwest 16th Street is a multi-family home for sale in Miami, FL 33125. This property was listed for sale on August 26, 2024 by Guillen and Associates Real Estate Consultants, In, it's currently listed at $1,900,000. It has been on the market for a total of 635 days and was last sold on February 26, 2025. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Paul Laurence Dunbar K-8 Center, Air Base K-8 Center for International Education and Citrus Grove Elementary School. 1621 Northwest 16th Street is a 0-bed, 0-bath, multi-family home built in 1978.

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Listing Courtesy of Guillen and Associates Real Estate Consultants, In

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.