Commercial Sale · Income/MultiFamily
2400 NW 16th St Rd, Miami FL 33125, MIAMI, FL, 33125
Active90 days on marketListed May 13, 2026MLS #A12018511
About this property
The property at a glance
Current cap rate: 6.25%. 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.
25,899
Building sq ft
$340
Price / sq ft
18,731
Lot sq ft
1974
Year built
4600
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Annual Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$45,596/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
55,032
Population
$56,604
Median income
48
Median age
3
Avg household
$362,933
Median home value
$1,503/mo
Median rent
5,140
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Passionate about all things hair, this population is talking about hair tutorials or the hottest celebrity blowout.
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near 2400 NW 16th St Rd
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,000,000
414 Valencia Ave, Coral Gables FL 33134
Sold Sep 17, 2025
$2,000,000
406 Valencia Ave, Coral Gables FL 33134
Sold Sep 17, 2025
$2,047,000
1020 SW 23rd Ave, Miami FL 33135
Sold Mar 14, 2025
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 2400 NW 16th St Rd — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2400 NW 16th St Rd.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of The Keyes Company · Juan Garcia. MLS #A12018511.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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