Quadruplex in 2400 NW 16th St Rd Miami for sale with MLS# A11899193
Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. All units are currently under contract, with the majority recently renewed for 12-month terms in April, providing immediate income stability. Units rent quickly with minimal annual turnover, and most tenants are long-term residents. Features include central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location just minutes from Brickell, Downtown, and Coral Gables. Current cap rate of approximately 7.04%. All figures are approximate and deemed reliable.
2400 NW 16th St Rd, Miami, FL 33125
Price
- Price:
- $9,000,000.00
- Original List Price:
- $9,000,000.00
Lease Details
- Rent Includes:
- Hot Water, Sewer, Trash Collection, Water, Gardener, Pest Control, Pool
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Fourplex (Quadruplex)
- MLS Number:
- A11899193
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- October 20, 2025 2:48 pm
Measures
- Living Area:
- 0.59 Acre
- Built-Up Area:
- 0.59 Acre
- Lot Size Unit:
- Square Feet
- Lot Features:
- Corner Lot
Property Features
- Waterfront:
- No
- Swimming Pool Features:
- Pool, In Ground
- Exterior:
- Fence, Balcony, Patio
- Patio and Porch:
- Patio, Balcony, Open
- Windows:
- Impact Glass, Impact glass, Impact Glass
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
Construction
- Year Built:
- 1974
- Year Built Details:
- Resale
- Roof:
- Other, Built-up
- Architectural Style:
- Fourplex
- Construction Materials:
- Block
- Flooring:
- Other, Laminate
- Stories:
- 4
Taxes and Expenses
- Tax Annual Amount:
- $70,391.00
- Tax Year:
- 2024
- Property Tax Status:
- Tax Reflects No Exemptions
Parking
- Parking Total Spaces:
- 45
- Covered Spaces:
- 0
Utilities
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
Community
- Subdivision Name:
- KAYS EST
- Community Features:
- Laundry Facilities
- Senior Community:
- No
Terms
- Documents Available:
- Other, Financials, Rent Rolls, Survey, Lease, Contracts
- Listing Terms Considered by Seller:
- Cash, Conventional, Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note), Other
- Occupant Type:
- Call Agent
- Buyer Possession:
- Close Of Escrow, Closing And Funding
- Lease Considered:
- No
Zoning and Legal
- Tax Legal Description:
- KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO
- Real Estate Folio Number (Parcel Number):
- 01-31-34-023-0010
- Zoning Description:
- 4600
Listing History
- Originally published on:
- October 20, 2025 2:48 pm
- Active on the market since:
- October 20, 2025
- Price change occurred on:
- October 20, 2025 12:46 pm
- Listing Status Last Changed On:
- October 20, 2025 2:48 pm
- Photos updated on:
- October 20, 2025 7:14 pm
- Last Modified:
- April 7, 2026 4:05 pm
Additional Information
- Flood Zone:
- AE
- Type of Association:
- None
- Style:
- Fourplex
- Municipal Code:
- 1
- Subdivision Number:
- 23
- Courtesy of:
- The Keyes Company
- Attribution:
- Not provided
Location
- Street Name:
- 16th St Rd
- Street Number:
- 2400
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33125
- County:
- Miami-Dade
- Latitude:
- N25° 47' 19.9''
- Longitude:
- W81° 45' 51.1''
- Street Direction Prefix:
- NW
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$40,940
Median Home Value
$377,600
Median Rent
$1,427/mo
Median Age
43
Population
55,449
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
50
Good
☀️ O3
45
Good
🫁 PM2.5
50
Good
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