NW 16Th St

0 Bedroom Real Estate has been listed for sale at 1621 Nw 16 Th St in MIAMI for $1,495,000. Chat with a local expert, book a tour.

Miami

1621 Nw 16Th St

1621 Nw 16 Th St, For Sale in MIAMI - eXp Commercial Brokerage

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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.

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.

1621 Nw 16 Th St, Miami, FL

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