Home » Properties » 1865 NW 16th St, Miami FL 33125

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Quadruplex Income Property in Miami’s Medical District

Four-unit residential income property near Miami River with updated units and easy access to downtown and Miami’s key neighborhoods.

$1,350,000

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MLS #A11731229

Listing Updated: 2026-07-03 12:29:24

Listed By: Keter Estates LLC

Overview

This well-maintained quadruplex offers four updated units located in the vibrant Medical District/Allapattah area of Miami. Built in 1925, the property combines historic charm with modern updates like new roofs, AC units, and refreshed kitchens and bathrooms. Each unit includes a private outdoor space, enhancing tenant appeal and comfort. The gated and fenced property offers off-street parking and separate electric meters for convenience.Situated just three blocks from the Miami River, this property provides excellent connectivity to downtown Miami, Brickell, Wynwood, Mid-Town, and nearby airports. It’s an ideal address for tenants seeking a central location with quick highway access. The current rent roll reflects steady demand, making this property a strategic option for buyers interested in residential income within a lively and accessible Miami neighborhood.

Property Highlights

Four updated units with private patios or balconies, new roof installed in 2019, fenced and gated property with off-street parking, four electric meters, and a central location near Miami River and major highways.

Property Details

City: Miami

State: FL

Zip Code: 33125

Address: 1865 NW 16th St, Miami FL 33125

Year Built: 1925

Property Type: Residential Income

Property Sub Type: Quadruplex

Listing Office Name: Keter Estates LLC

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $14,046

Days On Market: 498 Days

Original Listing Description

Rare Opportunity, 4 Units in Medical District/Allaphatta, All Units have updated AC Units, flooring, Bathrooms, and Kitchens, and private patio or balcony, New Roof 2019, 4 Electric Meters, 1 Water Meter, Off Street Parking, Fenced and Gated Property. Current Rent Roll $8,500/month [$102,000 annual]. 3 Blocks from Miami River, Easy Access to 395, 195, I-95, Downtown, Brickell, Mid-Town, Wynwood, and Airport. Building is in good condition with solid tenants.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1865 NW 16th St, Miami FL 33125

About This Neighborhood

Located in the Medical District and neighboring Allapattah, this property benefits from a neighborhood rich with urban character and evolving commercial activity. The area merges a residential vibe with close proximity to Miami’s vibrant downtown core and cultural hotspots like Wynwood. Residents enjoy easy access to essential services and entertainment, supporting a balanced lifestyle.The location also grants comfortable commuting options through nearby highways and public transit routes. This blend of city energy and neighborhood convenience creates a practical yet engaging environment for tenants.

Walkability & Lifestyle

This property’s location in the Medical District places it within walking distance to a variety of dining options, local shops, and medical facilities. Residents enjoy quick access to the Miami River waterfront, which is ideal for outdoor walks and evening strolls.Close proximity to major transportation routes further adds to walkability for daily errands and recreational activities. The neighborhood’s blend of residential streets and nearby commercial corridors offers a balanced urban lifestyle.

Things To Do Nearby

The neighborhood is rich with activities, including access to waterfront areas along the Miami River, where boating and water sports are popular. Nearby Wynwood provides cultural attractions with galleries, street art, and eclectic dining.Additionally, residents can explore parks, local markets, and nightlife spots within a short drive. The close vicinity to downtown Miami supports a vibrant mix of entertainment and leisure options fitting a dynamic urban lifestyle.

Nearby Schools

Families in the Medical District and Allapattah neighborhoods benefit from access to a range of public and private schools in Miami. The area’s urban setting includes nearby elementary, middle, and high schools offering diverse educational programs.Parents appreciate the convenience of short commutes to schools combined with the neighborhood’s community resources, helping create a supportive environment for children’s learning and growth.

Why Buyers Like This Area

Buyers are drawn to this quadruplex for its blend of historic charm and recent upgrades situated in a growing urban district. The gated property with off-street parking enhances security and tenant convenience.Moreover, its excellent location near highways and downtown Miami appeals to a wide tenant base, from professionals to families seeking urban living with easy access to the city’s core amenities.

Investment Potential

This quadruplex presents a solid opportunity for buyers seeking steady rental income in Miami’s centrally located Medical District. The property's recent updates and maintained condition make it attractive to quality tenants. Its proximity to downtown, local employment hubs, and vibrant neighborhoods supports demand for rentals year-round. Accessibility to major highways and the airport heightens its appeal for renters valuing convenience.Buyers interested in diversified residential income assets will appreciate the benefit of four separate units in one property. While rental markets fluctuate, this location’s livability and close access to Miami’s attractions provide a favorable environment for maintaining occupancy and rental interest.

Market Trends

Miami’s multifamily housing sector continues to show resilience with steady demand for rental units in prime urban neighborhoods. The Medical District’s growing prominence as a residential and commercial hub boosts interest among renters seeking proximity to workplaces and lifestyle amenities.While market dynamics vary, properties that combine updated interiors with accessible locations remain sought after. Buyers can expect competitive positioning when offering well-maintained multifamily homes close to downtown Miami's core.

Rental Income Potential

This quadruplex currently commands a monthly rent roll of $8,500, highlighting stable rental appeal in the Medical District. The individual units’ updated kitchens, bathrooms, and private outdoor spaces support tenant satisfaction and retention.Seasonal demand and location strengths, such as proximity to Miami River and nightlife districts, make this property appealing for a range of renters including professionals and small families seeking central city living. Careful management can help maintain steady cash flow in this vibrant rental market.