1621 NW 16 AVE, Miami, FL 33125
Parcel: 0131350040280 · Multifamily 2-9 Units · Multifamily 3 Or More Units · Zoning: 4601
Assessed Value (2025)
$719,413
Property Details
Beds
9
Baths
5
Living Sqft
4,045
Year Built
1973
Lot Sqft
7,000
Stories
2
MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS
Sales History
1
$110,000
1983-12-01
2
$400,000+264%
2014-03-11
VICTOR ESTEVEZ &W MIRIAM → 1621 NW 16 AVE LLC
3
$575,000+44%
2017-06-07
1621 NW 16 AVE LLC → LK REAL ESTATE LLC
Tax Assessment History
$719,413
Assessed (2025)
$735,000
Market Value
$719,413
Taxable Value
$14,647
Annual Tax
2024
$654,012
$700,000
2025
$719,413
$735,000
Assessed Market
View detailed table
| Year | Assessed | Market | Taxable | Tax | Building | |
|---|---|---|---|---|---|---|
| 2025 | $719,413 | $735,000 | $719,413 | $14,647 | $560,000 | $175,000 |
| 2024 | $654,012 | $700,000 | $654,012 | $13,315 | $560,000 | $140,000 |
About 1621 NW 16 AVE, Miami, FL 33125
1621 NW 16 AVE, Miami, FL 33125 is a 9-bedroom, 5-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1973 with 4,045 square feet of living space on a 7,000 square foot lot. The property is currently owned by LK REAL ESTATE LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.
The most recent sale was on 2017-06-07 for $575,000, when 1621 NW 16 AVE LLC sold to LK REAL ESTATE LLC. The property has appreciated $175,000 (44%) since the prior sale of $400,000 on 2014-03-11. There are 3 recorded sales for this property.
The 2025 assessed value is $719,413 with a market value of $735,000. This breaks down to $560,000 for the land and $175,000 for the building. The assessed value increased 10% from $654,012 in 2024.
The median household income in this area is $35,363, and the median home value is $195,600. The population density is 15,294 people per square mile. There are active mortgage liens totaling $160,000 recorded against this property.
1621 NW 16 AVE, Miami, FL 33125 is located in Miami, Florida. Property records, tax assessments, sales history, and ownership information for this Miami property are sourced from miami_dade County public records. The complete ownership history of this property spans from 1983 to 2017, with 3 recorded transactions in the public record.
The current assessed value represents 125% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $142 per square foot — a key metric for comparing value across Miami's real estate market..
Current Owner
LK REAL ESTATE LLC
2020 PRAIRIE AVE UNIT 304, MIAMI BEACH, FL, 33139
Since: 2026-03-29
View owner profile →
Est. Annual Insurance
$7,594 — $13,749
Flood $400 — $800
Property/Wind $7,194 — $12,949
Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.
Neighborhood
Median Income$35,363
Median Home Value$195,600
Pop. Density15,294/sq mi
Neighborhood 33125
39.7%
Owner-Occ
60.3%
Investor
180
Flips (4yr)
6,726
New Biz (3yr)
Distress Risk
MODERATE
31
Mortgages
ACTIVE
$160,000
0 FIRST AMERICAN BANK · 2021-05-03
Est. Total Balance $160,000
* Estimated assuming 30-year fixed mortgage at prevailing rate at origination. Actual terms may differ.
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