Corner-Lot
For Sale
$1,240,000
600 SW 16th Ave, Miami, FL 33135
Residential Income, Miami, FL
Property Size1,748 SF
Lot Size0.12 Acres
Price / SF$709.38
Days on Market52
Property Features for 600 SW 16th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
T4-L
Bedrooms
4
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3
Subdivision
LAWRENCE ESTATES LAND COS
Lot features
< 1/4 Acre
Standard status
Active
APN
01-41-02-006-6630
Size
1,748 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 16 BLK 107 LOT SIZE 5400 SQUARE FEET OR 18454-0314 1298 1
Tax Annual Amount
11161
Legal Description
2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 16 BLK 107 LOT SIZE 5400 SQUARE FEET OR 18454-0314 1298 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Zoned
Building Details
Year built
1953
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
Beachfront Realty Inc
(305) 534-4242
Listed By:
Monica Sciarra · License #3382598
(305) 491-8217
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 31 at 9:06AM
MLS# A12086631
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1953 block triplex contains 1,748 square feet and three residential units on a 5,400-square-foot corner lot. The property features laminate flooring, zoned cooling, electric heating, a shingle roof, cable availability, and public sewer service. Its room configuration includes four bedrooms and three bathrooms.
The property is located at 600 SW 16th Ave in Miami, one block from Calle Ocho and west of Brickell. It carries T4-L mixed-use zoning and is near the proposed Flagler Street BRT corridor. The remarks also identify possible redevelopment and density benefits associated with the SB 102 Live Local Act, subject to independent verification of zoning, transit distance, and eligibility.
The property is located at 600 SW 16th Ave in Miami, one block from Calle Ocho and west of Brickell. It carries T4-L mixed-use zoning and is near the proposed Flagler Street BRT corridor. The remarks also identify possible redevelopment and density benefits associated with the SB 102 Live Local Act, subject to independent verification of zoning, transit distance, and eligibility.
Key Highlights
- Three‑unit multifamily property with 1,748 SF of building area
- 5,400‑square‑foot corner lot at 600 SW 16th Ave
- T4‑L mixed‑use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,057
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,140
$701.1K
Cap Rate 7%
$500,814
$500.8K
Cap Rate 9%
$389,522
$389.5K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$53.5K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.1K $28.65/SF
− OpEx
−$15.0K −$8.60/SF
NOI
$35.1K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,140
Cap Rate 7%
$500,814
Cap Rate 9%
$389,522
Alternative Uses
Best Use
Multifamily LT 5
$500.8K
$438.2K – $584.3K
NOI $35,057 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$461.3K
$403.7K – $538.2K
NOI $32,292 @ 7.0% cap · market cap 2.60%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,594 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,745
Businesses Nearby
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Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - T4-L mixed-use zoning, three residential units, and public sewer service support an income-producing multifamily property.
Where is this triplex located?
The property is located at 600 SW 16th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 1,748 SF of building area; 5,400‑square‑foot corner lot at 600 SW 16th Ave; T4‑L mixed‑use zoning
