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Investment Highlights

  • Convenient proximity to Miami International Airport, major highways, and local lifestyle destinations.
  • Situated on a private bay-access street in South Beach steps from Lincoln Road.

Property Facts Under Contract

Price $2,900,000
Price Per Unit $241,667
Sale Type Investment
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 4,460 SF
Average Occupancy 100%
No. Stories 2
Year Built 1955
Parking Ratio 0.9/1,000 SF
Zoning RM-2 - RM -2 BUILD UP TO 6 STORIES. CAN BE USED FOR SHORT-TERM RENTAL with LICENSE.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - -
2+2 8 - -
Exceptionally walkable
90/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
02-3233-023-0130
Land Assessment
$1,500,000
Improvements Assessment
$1,000
Total Assessment
$1,501,000
  • Listing ID: 40941971

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 1420 16th St, Miami Beach, FL 33139

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