MIAMI REALTORS® MLSActiveMLS® A12014138
$8,200,000
2400 NW 16th St Road, Miami, FL 33125
- Beds
- —
- Baths
- 0
- Sqft
- 25,899
- Home type
- Quadruplex
- Year built
- 1974
- Lot size
- —
- Price / sqft
- $317
- HOA
- $0/mo
- Community
- KAYS EST
Property description
Current cap rate: 7%. 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.
Listing activity
- Days on market
- 170
- Listed
- May 6, 2026
- MLS listing updated
- Jul 18, 2026
- Feed last checked
- 6 minutes ago
Listed by Juan Garcia · The Keyes Company
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms
- 0
- Bathrooms (decimal)
- 0
Rooms & features
- Flooring
- Laminate, Other
- Laundry
- Outside
Heating & cooling
- Heating
- Separate Meters, Central
- Cooling
- Central Air
Property
Exterior
- Stories
- 4
- Building area
- 25,899 sqft
- Patio & porch
- Patio
- Exterior features
- Balcony
- Fencing
- Fenced
- Pool
- Yes
- Pool features
- In Ground
- Waterfront property
- No
Lot
- Lot features
- Corner Lot
- Zoning
- 4600
Construction
Type & style
- Home type
- Quadruplex
- Structure type
- Multi Family
- Year built
- 1974
- New construction
- No
Materials
- Construction
- Block, CBS
- Roof
- Built-Up, Other
- Property condition
- Updated/Remodeled, Resale
Utilities & green energy
Utilities
- Sewer
- Public Sewer
- Utilities
- Cable Available
Community & HOA
Community
- Subdivision
- KAYS EST
- MLS area
- 2310
Association
- Has association
- No
- Estimated monthly dues
- $0
- Amenities
- Elevator(s)
Lease details
Not reported by the listing source.
Location
Area details
- City
- Miami
- County
- Miami-Dade
- ZIP code
- 33125
Manufactured home details
Not reported by the listing source.
Financial & listing details
Listing
- MLS number
- A12014138
- Possession
- Close Of Escrow, Negotiable
- Original list price
- $8,800,000
- Parcel number
- 0131340230010
- Annual property tax
- $70,391
- Tax year
- 2025
- Tax legal description
- KAYS EST RESUB PB 30-44 LOTS 1 THRU 3 & E10FT OF LOTS 7 & 8 F/A/U FOLIO 01 3134 85 HER-DOM CONDO
Additional MLS details
Reported by the listing source
- Association Amenities
- Elevator(s)
- Association
- No
- Bathrooms Total Decimal
- 0
- Bathrooms Total Integer
- 0
- Building Area Total
- 25899
- Construction Materials
- Block, CBS
- County Or Parish
- Miami-Dade
- Days On Market
- 170
- Elementary School
- Comstock
- High School
- Miami Jackson
- Laundry Features
- Outside
- List Price
- 8200000
- Listing Contract Date
- 2026-05-06
- Living Area
- 25899
- MLSArea Major
- 2310
- Middle Or Junior School
- Citrus Grove
- Mls Status
- Active
- On Market Date
- 2026-05-06
- Patio And Porch Features
- Patio
- Photos Count
- 47
- Postal Code
- 33125
- Price Change Timestamp
- 2026-07-18T21:54:21Z
- Property Sub Type
- Quadruplex
- Property Type
- Residential Income
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-05-06T04:00:00Z
- Stories Total
- 4
- Subdivision Name
- KAYS EST
- Tax Annual Amount
- 70391
- Pool Private
- Yes
- Waterfront
- No
Market value
Price history
| Date | Event | Price |
|---|---|---|
| May 6, 2026 | ListedMIAMI REALTORS® MLS | $8,800,000$340/sqft |
| Jul 18, 2026 | Price reducedMIAMI REALTORS® MLS | $8,200,000$317/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2025 | $70,391 | — |
Payment calculator
Estimated monthly payment$52,514/moIllustrative estimate, not a loan offer.
- Principal & interest
- $42,548
- Property taxes
- $5,866
- Insurance
- $4,100
- Association dues
- $0
Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.
Neighborhood
Area
KAYS ESTMiami · Miami-Dade County · 33125
Climate risk
—No licensed climate-risk source is connected.
Nearby schools
ComstockElementary
—Citrus GroveMiddle
—Miami JacksonHigh
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