2400 NW 16th St Road Miami, FL 33125
25,899 Sqft, Quadruplex
AGENT'S REMARKS ABOUT 2400 NW 16TH ST ROAD
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.$8,200,000
| Living Area | 25,899 SqFt |
| Year Built | 1974 |
| Private Pool | Yes |
| Subdivision | KAYS EST |
| MLS# | A12014138 |
| Listing Status | Active |
| Days on Market | 2026-05-06 |
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PROPERTY DETAILS
- Property Type: Quadruplex
- Approx Living Area: 25,899 SqFt
- Year Built: 1974
- Acreage: Corner Lot
- Stories: 4
- Flooring: Laminate, Other
- Pool Description: In Ground
- Roof: Built-Up, Other
- Total Floors in Building: 4
- Construction: Block, CBS
- Exterior Description: Balcony
- Cooling System: Central Air
- Heating: Central, Separate Meters
- Utility Information: Cable Available
- County: Miami-Dade
- Area: 2310
- Subdivision: KAYS EST
- Community Features: Elevator(s)
- Annual Property Taxes: $70,391
- Elementary School: Comstock
- Junior High School: Citrus Grove
- High School: Miami Jackson
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Listing courtesy of The Keyes Company 07.18.2026
If you are interested in this property at 2400 NW 16th St Road or any other properties in Miami please contact The Rucco Group at (561) 737-0366.