2400 NW 16th Street Rd, Miami, FL, 33125
About This Home
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.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1974
Materials
- Roof: Built-Up,Other
- Construction materials: Concrete Block Construction,CBS Construction
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Elevator,Stairs
- Window features: High Impact Windows,Impact Glass,Verticals
- Flooring: Other
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 25,899
- Total interior livable area: 25,899 sqft
Property
Details
- Parcel number: 0131340230010
- Zoning: 4600
Features
- Stories: 4
- Private pool: Yes
- Pool features: In Ground
- Patio & porch: Patio
- Exterior features: Balcony
- Fencing: Fenced
Lot
- Features: Corner Lot
Parking
- Total spaces: 45
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Cold Wave
- Hurricane
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $41,463 | $497,556 |
| Home Insurance * | $2,550 | $30,600 |
| Property Taxes | $5,535 | $66,420 |
| Electricity | $2,606 | $31,276 |
| Total | $52,154 | $625,848 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $8,800,000 |
| 2026-05-06 | Listing removed | $9,000,000 |
| 2025-10-20 | Listed for sale | $9,000,000 |
| 2021-07-26 | Listing removed | -- |
| 2021-07-25 | Listed for sale | $5,500,000 |
| 2021-04-27 | Listing removed | -- |
| 2020-10-23 | Listed for sale | $5,500,000 |
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