2928 SW 16 ST, Miami, FL 33145

2928 SW 16 ST, Miami, FL 33145 is a 4-bedroom, 3-bathroom multifamily 2-9 units : 2 living units built in 1994 with 3,001 square feet of living space on a 7,150 square foot lot. The property is currently owned by RAFAEL VERGES FRANK MELILLO &W SANDRA, recorded as of 2026-04-19. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 1994-10-01 for $183,000. The property has appreciated $130,000 (245%) since the prior sale of $53,000 on 1989-08-01. There are 3 recorded sales for this property.

The 2025 assessed value is $445,836 with a market value of $831,213. This breaks down to $586,300 for the land and $244,913 for the building. The assessed value increased 8% from $413,220 in 2024.

The property has the following tax exemptions: homestead. This property is located in FEMA Flood Zone X, which indicates minimal flood risk. Flood insurance is typically not required for properties in Zone X.

The median household income in this area is $77,772, and the median home value is $545,400. The population density is 10,553 people per square mile. 2928 SW 16 ST, Miami, FL 33145 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 1989 to 1994, with 3 recorded transactions in the public record. The current assessed value represents 244% 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 $61 per square foot — a key metric for comparing value across Miami's real estate market..