Home
Income/MultiFamily
Type
1974
Built
Listing courtesy of
The Keyes Company
Juan Garcia
MLS® #A12018511
Listing information last updated July 18, 2026
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Overview
This income/multifamily in Allapattah is listed for sale at $8,200,000. Built in 1974.
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 history
Price reduced
↓ $600,000 from $8,800,000 · Jul 18, 2026 · MIAMI MLS
$8,200,000
Listed for sale
May 13, 2026 · MIAMI MLS
$8,800,000
Days on market
as of today
69 days
Building & financials
FROM MIAMI MLSThe carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.
Annual property tax
$70,391
Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.
Property details
MLS #A12018511
Price$8,200,000
Year built1974
TypeIncome/MultiFamily
StatusFor Sale
Features & amenities
Has Cooling System
Has Heating System
Location
2400 NW 16th St Rd, Miami FL 33125
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 69 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.