1621 Northwest 16th Street

Miami FL 33125

3728 sq. ft.

Duplex

Last sold for $1,400,000

David Fermoselle, last sold this property on 26 May 2026 after 143 days on market.

Overview

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.

Features

7 carspaces

3728 sq. ft. floor area

Duplex

Estimated Value

Based on this property and similar duplexes sold in Miami over the last 12 months, the estimated median property value of 1621 Northwest 16th Street is $690k.

Median value

$690k

Estimated value range

$1.15k - $1.8m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Miami. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1621 Northwest 16th Street

2026

Sold

$1,400,000

26 May 2026 by David Fermoselle, of Eleventrust LLC

2025

Sold

$1,050,000

26 Feb 2025 by Julian Yuken, of Guillen and Associates Real Estate Consultants, In

Happy sellers in Miami

We have insufficient information to provide an overview of customer satisfaction for Miami. Viewing the agent profiles, reviews and sales for Miami can provide insights for this location.