1621 NW 16th St, Miami FL 33125

What's special
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.
Facts & features
Interior
- Bedrooms:0
- Bathrooms:0
- Full bathrooms:
- 1/2 bathrooms:
- Central
- Central Air
- Total interior livable area:3728sqft
Property
- Garage spaces:
- Stories:2
- Has private pool:Yes
- Has view:Yes
- Has water view:Yes
- Size:Acres
- Zoning:4601
Construction
- New construction:NoYes
- Year built:1978
Utilities & green energy
- Sewer:Public Sewer
- Water:Municipal Water
Community
Financial & listing details
- Price per square foot:0
- Annual tax amount:
- Date on market:June 6, 2025
Mortgage calculator
Calculations are provisional. For a final offer, seek personal advice.
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