This listing is no longer active
The MLS feed no longer includes this property — it may have sold, gone under contract, or been withdrawn. Last seen on May 13, 2026. The details below are the last snapshot we captured. Contact Rangely for a similar property or current status.
KAYS EST
2400 NW 16th St Rd, Miami FL 33125
25,899 ft²
$8,800,000
Est. Payment $46,837/mo
25,899
Sq. Ft.
1974
Year Built
4
Stories
0
Days on Market
Description
Current cap rate: 6.15%. 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.
Facts
- MLS#
- A12014138
- Subdivision
- KAYS EST
- Property Type
- Residential Income
- Property Sub Type
- Quadruplex
- Year Built
- 1974
- Lot Size
- 0 sqft
- Sq. Ft.
- 25,899 ft²
- Sq. Mt.
- 2,406 m²
- Price per sq. ft.
- $340/ft²
- Price per sq. mt.
- $3,658/m²
- Stories
- 4
- Garage
- —
- Pool
- —
- Days on Market
- —
- Listed
- May 6, 2026
- Last Updated
- May 6, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.
Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
45
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).
| 5/6/2026 | Listed for sale | $8,800,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Alphabet Soup Learning CenterPK,KG,1 · private · 0.3 mi
- Happy Memories Learning Center 2
PK,KG,1,2,3 · private · 0.3 mi
- Pinecrest Preparatory Academy
KG,1,2,3,4,5 · charter · 0.5 mi
- G. Holmes Braddock Senior High School
PK,9,10,11,12 · public · 0.6 mi
- Florida School of Excellence
9,10,11,12 · private · 0.6 mi
- Future Leaders Of World Dc
PK,KG · private · 0.7 mi
- International School of Miami
KG,1 · private · 0.7 mi
- International School Of Miami
KG,1,2 · private · 0.7 mi
- Kids Adventure Learning Center
PK,KG,1,UG · private · 0.7 mi
- Mother Of Christ Catholic School
KG,1,2,3,4,5,6,7,8 · private · 0.7 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$54,321/mo
Principal & Interest
$46,837
Property Tax
$7,333
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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