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.
Property Details
Price:
$8,800,000
MLS #:
A12014138
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
KAYS EST
Neighborhood:
kaysest
Listed Date:
May 6, 2026
Finished Sq Ft:
25,899
Total Sq Ft:
25,899
Year Built:
1974
Units:
27
See this Listing
Schools
Interior
Cooling
Central Air
Flooring
Other
Heating
Central
Interior Features
Elevator, Stairs
Exterior
Building Features
Laundry Facility
Construction Materials
Concrete Block Construction, CBS Construction
Exterior Features
Balcony, Open Balcony
Fencing
Fenced
Lot Features
Corner Lot
Parking Spots
45
Parking Total
45
Patio And Porch Features
Open Balcony, Patio
Roof
Built-Up, Other
Stories
4
Window Features
High Impact Windows, Impact Glass, Verticals
Financial
Tax Year
2025
Taxes
$70,391
Map
Community
- Address2400 NW 16th St Rd Miami FL
- SubdivisionKAYS EST
- CityMiami
- CountyMiami-Dade County
- Zip Code33125
Subdivisions in Miami
- 11 54 39 152.93 AC M/L NE1/4 OF SEC INCLUDING TR 2
- 159 NE 6TH STREET CONDO
- 17TH AVE MANOR
- 1800 CLUB CONDO
- 7TH ADDN TO RICHMOND HEIG
- 801 SMA RESIDENCES CONDO
- BAY HOUSE MIAMI
- BAY RIDGE AMD
- COMFORT GARDENS
- DELVISTA TOWERS CONDO
- EMERALD POINT SUB
- FAIRWAY PLAZA
- GREENVILLE MANOR PB
- HIALEAH HEIGHTS AMD
- JADE WINDS GROUP BAMBOO GARDENS CONDO
- JENKINS ADDN TO LIBERTY CITY
- LA PALOMA
- MAJORCA ISLES III CONDO
- MILON VENTURE
- NORTH DADE COUNTRY CLUB VILLAG
- RALPH PLAZA II CONDO
- RANDALL PARK
- ROLLING GREEN CONDO
- ROYAL GLEN
- SIERRA
- SWEETWATER ESTATES SUB
- TAMIAMI TECH CENTER CONDO
- THE BLUE A RESORT HOTEL CONDO
- TURNBERRY VILLAGE SO TOWER CONDO
- VIA VENTURA NBRHD 3
- VISTA LAGO
- WEST MIAMI SHORES SEC B
- WESTCHESTER PT 01
Market Summary
Current real estate data for Multi Family in Miami as of Jun 14, 2026
511
Multi Family Listed
157
Avg DOM
467
Avg $ / SqFt
$1,130,566
Avg List Price
Property Summary
- Located in the KAYS EST subdivision, 2400 NW 16th St Rd Miami FL is a Multi Family for sale in Miami, FL, 33125. It is listed for $8,800,000 To schedule a showing of MLS#a12014138 at 2400 NW 16th St Rd in Miami, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
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