How much is 2400 NW 16th St Road?

2400 NW 16th St Road is listed at $8,200,000, about $317 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.

What is 2400 NW 16th St Road zoned?

The listing reports zoning of 4600. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.

How big is 2400 NW 16th St Road?

The listing reports 25,899 square feet of building.

When was 2400 NW 16th St Road built?

2400 NW 16th St Road was built in 1974. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.

What are the property taxes on 2400 NW 16th St Road?

The listing reports annual property taxes of $70,391. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.

How do I tour 2400 NW 16th St Road?

Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

2400 NW 16th St Road, Miami, FL 33125

$8,200,000 · $317 per sq ft · Multifamily for sale

Property type: Multi Family
Asking price: $8,200,000
Price per sq ft: $317
Building size: 25,899 sq ft
Lot size: 18,731 sq ft
Zoning: 4600
Year built: 1974
Units: 2
Tenant pays: Electricity, HVAC Maintenance, Interior Electric, Interior Maintenance, Maintenance
Parking spaces: 45
Parcel ID: 0131340230010
MLS#: A12018511

About this property

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.

Building Features and Utilities

Block
CBS

Rent Roll

Unit type	Units	Beds / baths	Size	Rent per unit	Pro forma
1 Bedroom	9	1 / —	—	—	—
2 Bedroom	18	2 / —	—	—	—

27 units.

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income	$695,952/yr
Property taxes	$70,391/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

About the Business at 2400 NW 16th St Road

Included: Furniture, Leases, Machinery

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Keyes Company · Keyes310@keyes.com · Listing agent: Juan Garcia

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. 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 BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 2400 NW 16th St Road or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 2400 NW 16th St Road

How much is 2400 NW 16th St Road?: 2400 NW 16th St Road is listed at $8,200,000, about $317 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 2400 NW 16th St Road zoned?: The listing reports zoning of 4600. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 2400 NW 16th St Road?: The listing reports 25,899 square feet of building.
When was 2400 NW 16th St Road built?: 2400 NW 16th St Road was built in 1974. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 2400 NW 16th St Road?: The listing reports annual property taxes of $70,391. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 2400 NW 16th St Road?: Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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