$9,000,000

2400 NW 16th Street Rd Miami, FL 33125

North Sewell Park Neighborhood

Estimated payment $53,160/month

Total Views 2,889
-- Bed
-- Bath
25,899 Sq Ft
$348 Price per Sq Ft

Highlights

  • In Ground Pool
  • No HOA
  • High Impact Windows
  • Corner Lot
  • Balcony
  • Patio

About This Home

Exceptional 27-unit multifamily in the heart of Little Havana. Strong and stable income with great upside through rent adjustments. Most tenants are long-term residents, many now month-to-month, providing flexibility for renovations or repositioning. Units rent fast with minimal annual turnover. Features central A/C, new elevator, pool, laundry with new machines, hurricane-impact windows, and ample parking. Excellent location minutes from Brickell, Downtown, and Coral Gables. The process of increasing rents and maximizing income has begun. All figures are approximate and deemed reliable but not guaranteed.

Listing Agent

J. Esteban

The Keyes Company License #3580075 Listed on: 10/20/2025

The Keyes Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $70,391

Year Built

  • Built in 1974

Lot Details

  • Fenced
  • Corner Lot

Parking

  • 45 Parking Spaces

Home Design

  • Quadruplex
  • Substantially Remodeled
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 25,899 Sq Ft Home
  • 4-Story Property
  • Vertical Blinds
  • High Impact Windows

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Rent includes hot water, gardener, pest control, pool maintenance, sewer, trash collection, water
  • Assessor Parcel Number 01-31-34-023-0010

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Kays Est Condos
  • Kays Est Subdivision

Additional Features

  • Laundry Facilities
  • Net Operating Income $499,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$70,391

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1974
  • Property Sub Type: Quadruplex
  • Horses: No
  • New Construction: No
  • Building Stories: 4
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: KAYS EST
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • CurrentPrice: 9000000
  • InternetRemarks: Prime 27-unit multifamily in Miami, Little Havana with strong cash flow, long-term tenants, great upside, and excellent location.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour
  • Stories: 4

Interior Features

  • Interior Amenities: Elevator, Stairs
  • Flooring: Other
  • Living Area: 25899
  • Stories: 4
  • Window Features: High Impact Windows, Impact Glass, Verticals

Exterior Features

  • Roof: Built-Up, Other
  • Exterior Features: Balcony, Open Balcony
  • Construction Type: Concrete Block Construction, CBS Construction
  • Fencing: Fenced
  • Lot Features: Corner Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: KAYS EST
  • Total Parking Spaces: 45

Utilities

  • Sewer: Public Sewer
  • Green Building Features: Laundry Facility
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-31-34-023-0010
  • Zoning: 4600

Rental Info

  • Rent Includes: Hot Water, Gardener, Pest Control, Pool Maintenance, Sewer, Trash Collection, Water

Multi Family

  • Net Operating Income: 499392
  • Number Of Units In Community: 2
  • Number Of Units Total: 27
  • Total Actual Rent: 655261

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 70391

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2025 10/20/25 For Sale $9,000,000 -- $348 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11899193

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33125 North Sewell Park

2400 NW 16th Street Rd, Miami, FL

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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J. Esteban
Listing Agent
J. Esteban
Section Image
The Keyes Company
(786) 288-5764