2400 NW 16th St Rd

Miami, FL 33125

$8,800,000
Price
—
Beds
—
Baths
25,899 Sq. Ft.
$340 / Sq. Ft.
25,899
Sq. Ft.
$340
per Sq. Ft.
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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...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.

Property Details for 2400 Northwest 16th St Road

Subdivision
KAYS EST
Style
Fourplex
Waterfront
No
Area
31
Total Units
27
Num Stories
4
Sq Ft Total
25899
Sq Ft Liv Area
25899.0
LISTING UPDATED: 05/06/2026 05:00 PM

Property Details for 2400 Northwest 16th St Road

StatusActive
MLS #A12014138
Days on Market19
Taxes$70,391 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1974
Lot Size-
CountyMiami-Dade County
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Location

Listing Courtesy of The Keyes Company
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Building Information for 2400 Northwest 16th St Road

Stories-Residences27Year Built1974Building Size-Lot Size-

Payment Calculator

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$49,717 per month

30 year fixed, 6.36% Interest

Principal and Interest

$43,851

Property Taxes

$5,866

HOA Dues

$0

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Property Information for 2400 Northwest 16th St Road

Location Information
Location Information
  • Parcel Number Free Text: 01-31-34-023-0010
  • Parcel Number MLX: 0010
  • MLS Area: 31
  • Municipal Code: 1
  • Township Range: 31
  • Section: 34
  • Subdivision Number: 23
  • Subdivision Complex Bldg: KAYS EST
  • Unit Count: 2
  • Zoning Information: 4600
General Information
Parking
  • Num Parking Spaces: 45
General Information
  • Property Type Information: Elevator, Substantially Remodeled, Stairs
  • Lot Description: Corner Lot
  • Pool: Yes
  • Pool Description: Below Ground Pool
  • Construction: Concrete Block Construction, CBS Construction
  • Construction Type: Concrete Block Construction, CBS Construction
  • Roof Description: Built-Up Roof, Other Roof
  • Flooring: Laminate Floors, Other Floors
  • Floor Description: Laminate Floors, Other Floors
  • Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12014138
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Central Cooling
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Hot Water, Lawn Care, Pest Control, Pool Maintenance, Sewer, Trash Removal, Water
  • Windows Treatment: High Impact Windows, Impact Glass, Verticals
  • Exterior Features: Balconies, Fence, Laundry Facility, Open Balcony, Patio
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: AE
  • Tax Year: 2025
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Deposit - Last Months Rent, Deposit - Security, Financial Statement, Copy Of Lease(S), Other Available Information, Rent Rolls, Service Contracts, Existing Survey
  • Special Assessment: No

Property History for 2400 Northwest 16th St Road

DateEvent & SourcePriceAppreciation
May 6, 2026

Listed (Active)

MiamiRE #A12014138

$8,800,000—
May 5, 2026

Expired

MiamiRE #A11899193

—
Oct 20, 2025

Listed (Active)

MiamiRE #A11899193

$9,000,000—
DateEvent & SourcePrice
05/06/2026

Listed (Active)

MiamiRE #A12014138

$8,800,000
05/05/2026

Expired

MiamiRE #A11899193

—
10/20/2025

Listed (Active)

MiamiRE #A11899193

$9,000,000

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

Public Records for 2400 Northwest 16th St Road

Taxable ValueLand$968,280Additions$3,531,720Total$4,500,000
Tax Record2025$75,572 ($6,298 / month)
Home Facts
Total Finished SqFt25,899 SqFtAbove Grade Finished SqFt25,899 SqFtStories4Lot Size24,207 SqFtStyleMulti-Family Dwelling (2-4)Year Built1974Zoning4600:MULTI-FACountyMIAMI-DADEAPN01-3134-023-0010

Schools near 2400 Northwest 16th St Road

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Comstock Elementary School
Public - PK to 5
Air Base K-8 Center for International Education
Public - PK to 8
Citrus Grove Elementary School
Public - PK to 8
Robert Morgan Voc-Tech Institute
Public - 9 to 12
Rating
School
Distance
Comstock Elementary School
PublicPK to 5

Air Base K-8 Center for International Education
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.

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More information about 2400 Northwest 16th St Road, Miami, FL 33125

2400 Northwest 16th St Road is a multi-family home for sale in Miami, FL 33125. This property was listed for sale on May 6, 2026 by The Keyes Company, it's currently listed at $8,800,000. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Comstock Elementary School, Air Base K-8 Center for International Education and Citrus Grove Elementary School. 2400 Northwest 16th St Road is a 0-bed, 0-bath, 25,899 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Keyes Company

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.