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Multifamily Residential
$8,800,000
2400 NW 16th St Rd Miami, FL

A12018511

130 of 138 for Sale
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an agent
  • Listed On:

    May 13, 2026
  • Days on Market:

    5
  • Year:

    1974
  • Taxes:

    $70,391 per year
  • Floor Description:

    Other
  • Occupancy:

  • Zoning:

  • Parking:

2400 NW 16th St Rd Miami, FL 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.

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For Sale Details

  • Floor Description

    Other

  • Heating Description

    Central

  • Photo Count

    46

  • Property Type

    Commercial Sale

  • SqFt Total

    18731

  • Year Built

    1974

Any questions about Multifamily Residential?
Contact our Miami Real Estate Specialist today.

Need to sell your condo at Multifamily Residential?

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