Renovated Multifamily
1632 NW 16th Ter #6 Unit 6, Miami, FL 33125
For Sale
Contact for pricing
Updated first-floor residences offer modern finishes, in-unit laundry, assigned parking, and access to included water, sewer, and trash service.
Property Size7,432 SF
Price / SF$0.26
Days on Market54
Property Features for 1632 NW 16th Ter #6 Unit 6
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
quartz countertops
full size washer/dryer
stainless steel appliances
LED Lighting
new A/C system
impact windows
tankless water heater
Lot Size Square Feet: 12500
Percentage of Tax that is Deductable: 0
Vinyl Floor
Rental, Sale Type: Foreclosure, Availability Date: 2026-09-21
One Bedroom
2 Stories, Built in 1971, Community Pets Allowed
Subdivision Name: Blanton Park
Above Area Square Feet: 7432
One Full Bath
Oven, Refrigerator, Microwave, Washer, Dryer
Building Details
Year Built
Year Renovated
Listing Agency:
Compass Florida, LLC
Listed By:
Joanne Intrieri · License FL #3459101
(305) 851-2820
Source:
Doyle-realty
Added: Sep 18
Changed: Nov 10
Last Checked: Nov 10 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Florida, LLC
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Investment Insights
Based on property information with market context.
This multifamily property contains 7,432 SF and was built in 1971, with renovations completed in 2023. The featured residence is a first-floor 1-bedroom, 1-bathroom unit measuring 635 SF. Interior improvements include quartz countertops, stainless steel appliances, LED lighting, a full-size washer and dryer, impact windows, a tankless water heater, and a new A/C system with updated roof and ductwork. One assigned parking space accompanies the unit.
The property is located at 1632 NW 16th Ter in Miami's Allapattah area, with access to Wynwood, the Miami Health District, Downtown Miami, and major highways. Water, sewer, and trash service are included; residents are responsible for electricity, internet, and cable. The property is near Booker T. Washington Senior High School, Paul Laurence Dunbar K-8 Center, and Citrus Grove Middle School.
The property is located at 1632 NW 16th Ter in Miami's Allapattah area, with access to Wynwood, the Miami Health District, Downtown Miami, and major highways. Water, sewer, and trash service are included; residents are responsible for electricity, internet, and cable. The property is near Booker T. Washington Senior High School, Paul Laurence Dunbar K-8 Center, and Citrus Grove Middle School.
Key Highlights
- 7,432 SF multifamily property built in 1971
- Renovations completed in 2023
- 635 SF first‑floor unit with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,294
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,880
$2.7M
Cap Rate 7%
$1,961,343
$2.0M
Cap Rate 9%
$1,525,489
$1.5M
Market Conditions
NOI Build-Up for 7,432 SF
Gross rent
$267.6K $36.00/SF
− Vacancy
−$17.9K −$2.41/SF
EGI
$249.6K $33.59/SF
− OpEx
−$112.3K −$15.11/SF
NOI
$137.3K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,745,880
Cap Rate 7%
$1,961,343
Cap Rate 9%
$1,525,489
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,294 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.02M
$4.39M – $5.85M
NOI $351,165 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Miami, FL
Properties on Market for Multifamily properties in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated first-floor residences offer modern finishes, in-unit laundry, assigned parking, and access to included water, sewer, and trash service.
Where is this multifamily property located?
The property is located at 1632 NW 16th Ter #6 Unit 6 Miami, FL.
What are key features of this property?
This property features: 7,432 SF multifamily property built in 1971; Renovations completed in 2023; 635 SF first‑floor unit with 1 bedroom and 1 bathroom
