1621 NW 16th St, Miami, FL 33125
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by:david fermoselle
Office:eleventrust llc.
MLS#:A11817594
Source:SEFMLS
Price summary
- Price:$1,495,000
- Price per sq. ft.:$401.02
About this home
5-unit multifamily in a prime central location, featuring (3) 2/1s, (1) 1/1, and a studio. Includes 5 electric meters, 1 water meter. Upgrades: new permitted roof, asphalt, windows, and fresh paint. Zoned T6-8-R (City of Miami), allowing up to 8 stories and 150 units/acre. On a 6,400 SF lot (~0.147 acres), you can build up to 22 units by right. All units rented below market—great cash flow with strong upside. Ideal for investors seeking income and redevelopment potential.
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Home facts
- Year built:1978
- Listing ID #:A11817594
- Updated:September 19, 2025 at 04:56 PM
Rooms and interior
- Living area:3,728 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1978
- Building area:3,728 sq. ft.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,495,000
- Price per sq. ft.:$401.02
- Tax amount:$13,072 (2024)
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