1621 NW 16th St, Miami, FL 33125

Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
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1621 NW 16th St,Miami, FL 33125
$1,495,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,728 sq. ft.
  • Multi-family
  • Active
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:August 13, 2025 at 09:49 AM

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)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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