3501 SW 16th Ter, Miami, FL
4 bd · 2 ba · 2,016 sqft Multi-Family listed at $775,000, built in 1947 in the Coral Gate neighborhood.
About this home
Prime Miami location just steps from Coral Gables. Rare investment, income, and redevelopment opportunity in one of Miami's most desirable areas. Existing duplex with strong rental potential and the possibility to convert into 4 units. Property is equipped with accordion shutters and tankless water heater. Hardwood floors under carpet in the upper unit and teak closets. Located in Flood Zone X with no HOA. Land use may allow development of up to 9 units (buyer to verify zoning and redevelopment options). Great opportunity for investors or developers seeking land value in a prime location. Centrally located minutes from Coconut Grove, Brickell, Downtown Miami, Miami Beach, University of Miami, Miracle Mile, and Miami International Airport. Exceptional location with tremendous upside for investors, developers, or end users. Tenant occupied on a month-to-month basis. Interior photos and floor plan coming soon. Please call or text listing agent to schedule an appointment.
Property details
- Price
- $775,000
- Bedrooms
- 4
- Bathrooms
- 2
- Interior
- 2,016 sqft
- Price / sqft
- $384
- Year built
- 1947
- Type
- Multi-Family
- Days on market
- 44
- Est. property tax
- $6,665/yr · $555/mo · 0.86% FL avg
Estimated monthly payment
Can I afford this?
See what fits your income
Location
This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.
Home Intelligence
Neighborhood (zip 33145)
Median age is 44.3; 26% hold a bachelor's degree; 50% of homes are owner-occupied; median household income is $68,717.
- Median income
- $68,717
- Median age
- 44.3
- Owner-occupied
- 50.1%
- Bachelor's degree
- 25.6%
- Census median home value
- $480,100
Source: US Census Bureau American Community Survey 5-year estimates.
Similar homes in Miami
$749,000
3610 SW 113th Pl
4 bd · 3 ba · 1,341 sqft
$379,000
7460 NW 17th Ave
2 bd · 1 ba · 756 sqft
$850,000
12724 SW 33rd Ter
5 bd · 3 ba · 1,591 sqft
$494,000
1720 NW 87th St
3 bd · 2 ba · 1,300 sqft
$1,099,999
15202 SW 194th Ave
0 bd · 0 ba
$1,450,000
8889 SW 78th Ct
3 bd · 3 ba · 2,246 sqft
$357,364
17966 SW 357th Ter
3 bd · 3 ba · 1,330 sqft
$561,515
19481 SW 337th Ter
4 bd · 3 ba · 2,439 sqft
Browse 8+ nearby homes on the map
See 8 more Miami homes on the map
Open map →