Little Havana Multifamily Investment
For Sale
$8,800,000
2400 NW 16th St Rd, Miami, FL 33125
27-unit multifamily property in Little Havana with income upside.
Property SizeContact for details
Days on Market109
Property Features for 2400 NW 16th St Rd
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
The Keyes Company
(954) 995-8360
Listed By:
Juan Garcia · License #3580075
(954) 995-8360
Source:
Elliman
Added: May 16
Changed: Jul 10
Last Checked: Sep 1 at 2:37PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This 27-unit multifamily property is located in Little Havana. The property offers income potential through rent adjustments or renovations. All units are currently under contract, with most leases recently renewed through May 2027. The property features central A/C, a new elevator, a swimming pool, laundry facilities with new machines, impact windows and doors, and ample parking. It is located minutes from Brickell, Downtown Miami, and Coral Gables. The property has a bike score of 61, making it bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 60, suggesting good transit options.
Key Highlights
- Strong, stable income with 6.15% cap rate and upside potential.
- All units currently under contract with most leases renewed through May 2027, ensuring immediate income stability.
- Prime location in Little Havana, minutes from Brickell, Downtown Miami, and Coral Gables.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,803
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 27-unit multifamily property in Little Havana with income upside.
Where is this apartment building located?
The property is located at 2400 NW 16th St Rd Miami, FL.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: Strong, stable income with **6.15% cap rate** and upside potential.; All units currently under contract with most leases renewed through May 2027, ensuring immediate income stability.; Prime location in Little Havana, minutes from Brickell, Downtown Miami, and Coral Gables.
