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

1621 NORTH WEST 16TH ST #5, Miami

$1,495,000 USD
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Address1621 NORTH WEST 16TH ST #5, Miami
Building NameBLANTON PARK
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$1,495,000
Property StatusActive
MLS NumberA11817594
Living Area3728
Year Built1978
Parking Space Number7
Folio Number01-31-35-004-0230
Zoning Information4601
Days on Market113

Detailed Description: 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 sq.ft 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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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33125
Address1621 NORTH WEST 16TH ST
Section35
Zip Code (4 Digits)2455
Financial Information
Price$1,495,000
Price per Foot$0
Folio Number01-31-35-004-0230
Tax Amount$13,072
Tax Year2024
Possession InformationFunding
Full Descriptions
Detailed Description5-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 sq.ft 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.
Roof DescriptionOther, Shingle
Floor DescriptionTile
Cooling DescriptionCentral Air
Heating DescriptionCentral
Water DescriptionMunicipal Water
Sewer DescriptionPublic Sewer
Property parameters
Living Area3728
Zoning Information4601
Year Built1978
Type of PropertyQuadruplex
StyleQuadruplex
Building NameBLANTON PARK
Development NameBLANTON PARK
Construction TypeCBS Construction
Stories Number2.000
Street DirectionNorth West
Parking Space Number7
Listed withEleventrust LLC