BLANTON PARK

1621 NW 16th St, Miami FL 33125

3,728 ft²

Closed

$1,500,000

Est. Payment $7,984/mo

MLS Sheet Video

3,728

Sq. Ft.

1978

Year Built

Stories

157

Days on Market

Description

Exceptional 5-unit multifamily property, zoned T6-8-R, offering incredible investment potential in a highly sought- after area. The property consists of three 2-bed/1-bath units, one 1-bed/1-bath unit, and a studio, catering to a diverse range of tenants. The T6-8-R zoning allows for high-density residential development, making this property a prime candidate for future redevelopment or expansion. Located in a vibrant neighborhood, the property is close to major transportation hubs, shopping, dining, and entertainment options, ensuring strong demand and high occupancy rates. This is a rare opportunity to acquire a versatile asset with significant upside in a rapidly growing market.

Facts

MLS#: A11670107
Subdivision: BLANTON PARK
Property Type: Residential Income
Property Sub Type: Duplex
Year Built: 1978
Lot Size: 0 sqft
Sq. Ft.: 3,728 ft²
Sq. Mt.: 346 m²
Price per sq. ft.: $402/ft²
Price per sq. mt.: $4,335/m²
Stories: 2
Garage: —
Pool: —
Days on Market: 157 days
Listed: Aug 26, 2024
Last Updated: Feb 26, 2025
Price/Lot Sq.Ft.: —

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

June 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

2/26/2025	Sold	$1,500,000
8/26/2024	Listed for sale	$1,500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1621 NW 16th St, Miami FL 33125Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Coconut Grove Montessori School - Main Campus
PK,KG,1,2,3,4,5 · private · 0.1 mi
Carrollton School of the Sacred Heart
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.1 mi
Vanguard School Of Coconut Grove Fl
UG · private · 0.1 mi
McA Academy
2,3,4,5,6,7,8,9,10,11,12 · private · 0.3 mi
Coconut Grove Elementary School
PK,KG,1,2,3,4,5 · public · 0.4 mi
St. Stephen's Episcopal Day School
PK,KG,1,2,3,4,5 · private · 0.4 mi
Coconut Grove Montessori School
PK,KG · private · 0.6 mi
Coconut Grove Montessori School
KG,1 · private · 0.6 mi
Ransom Everglades School
6,7,8,9,10,11,12 · private · 0.7 mi
La Piazza Academy
PK,KG,1,2,3,4,5 · private · 0.7 mi

Estimated Monthly Payment

$9,384/mo

Principal & Interest

$7,984

Property Tax

$1,250

Insurance

$150

HOA

Down Payment20% ($300,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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