Seize this incredible opportunity to own a versatile multi-family property in the heart of Miami! Situated on an expansive 7,145 square foot lot, this property is perfect for both investors and owner-occupants. The front house features 2 bedrooms, 2 bathrooms, plus a den, providing a comfortable living space. The back house offers an additional 2 bedrooms and 1 bathroom. Additionally, there are three separate 1-bed, 1-bath efficiency units on the premises, presenting a goldmine of income potential. This property is an excellent choice for those looking to tap into the lucrative Airbnb or traditional rental markets. With its prime location just blocks from the Miami River and River Landing Shops, and minutes away from Wynwood, Brickell, Coconut Grove, Coral Gables, Miami Beach.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
4
/10
Comstock Elementary School
2420 NW 18th Ave
Distance between this listing and this school0.68 miles
Public District Grades PK-5
4
/10
Citrus Grove Elementary School
2121 NW 5th St
Distance between this listing and this school0.89 miles
Public District Grades PK-5
6
/10
Maya Angelou Elementary School
1850 NW 32nd St
Distance between this listing and this school1.07 miles
Public District Grades PK-5
Nearby Schools
6
/10
Sports Leadership and Management (Slam) Charter Middle School
604 NW 12th Ave
Distance between this listing and this school0.90 miles
Public Charter Grades 6-8
3
/10
Mater Preparatory Academy
601 NW 12th Ave
Distance between this listing and this school0.93 miles
Public Charter Grades KG-8
4
/10
Citrus Grove Middle School
2153 NW 3rd St
Distance between this listing and this school0.99 miles
Public District Grades 6-8
Nearby Schools
7
/10
Sports Leadership of Miami Charter High School
604 NW 12th Ave
Distance between this listing and this school0.90 miles
Public Charter Grades 9-12
3
/10
Mater Virtual Academy Charter Middle/High School
601 NW 12th Ave
Distance between this listing and this school0.93 miles
Public Charter Grades 6-12
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school1.26 miles
The neighbors living near this home have an average income of $30,114. Most Miami, FL residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 1739 NW 16th St in Miami, FL and zip code 33125 in the Civic Center neighborhood. This 3,392 square foot home was built in 1926. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $875,000.
While more than 38 listings in Miami, FL in November 2024 were sold above asking price, there were more than 112 listings sold at asking price, and more than 445 were sold below. The inventory of homes for sale in Miami, FL between October 2024 and November 2024 increased by 6.7%. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.
From Rocket Homes Real Estate and based on county public records data.