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2400 NW 16th St Rd, Miami FL 33125

Commercial For Sale
$8,800,000

BTC: 137.50000000

ETH: 5,040.09163803

21 days
0 room(s)

Overview

Current cap rate: 6.25%. 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.

Location

Florida • Miami • 33125 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1974
Lot:
18731 Square Feet
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$4,750,000
$2.0M – $8.4M
Confidence Low
List vs. estimate
$4.0M above estimate
List $8,800,000 · +85.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $257K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$70,391
Parking
45 spaces
All facts and features

  • Flooring

    • Other

    Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Lot

    • Lot: 18731 Square Feet

    Other Property Information

    • Parcel Number: 01-31-34-023-0010

    • Zoning: 4600

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $70,391

  • Source details

    • MLS ID: A12018511

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Window Features: Complete Impact Glass

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33125
210
median $679K
Active
Same city
Miami
12,162
median $650K
Active
Same type
Commercial
1,157
median $1.3M
Active
Similar price
$6.2M – $11.4M
317
median $7.9M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: The Keyes Company