2400 NW 16th St Rd, Miami FL 33125, Miami
$8,200,000
Miami, FL, 33125
Property details
- Year built
- 1974
- Type
- Income/MultiFamily
- Association fee
- $0
- Days on market
- 66
- MLS #
- A12018511
Listing courtesy of The Keyes Company · 954-995-8360. Listing agent: Juan Garcia. MLS data last updated 2026-07-18.
Description
Current cap rate: 7%. 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.
2400 NW 16th St Rd, Miami FL 33125, Miami — for sale, listed for $8,200,000.
122 listings for sale in 33125 · median $909,700.
Run the numbers
Availability in KAYS EST
4 listings are currently active in this building across 2 distinct units (1 × 1-bed, 1 × 2-bed, 2 × na-bed).
n=4 · 2026-07-30 · Methodology
Observed price & status history
Asking price reduced from $8,800,000 to $8,200,000.
Are sellers cutting prices here?
30% of the 122 active listings for sale in 33125 have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=122 · 2026-07-30 · Methodology
Current market segment
Right now: 122 active listings for sale in 33125, median asking price $909,700, median $401/sqft.
n=122 · 2026-07-30 · Methodology
Local market report
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-30 · Methodology
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