Four-Unit Residential Income
215 Sidonia Ave Coral Gables, FL 33134
For Sale
$1,950,000
MULTI_FAMILY - Other - Coral Gables, FL
Property Size3,600 SF
Price / SF$541.67
Days on Market45
Property Features for 215 Sidonia Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Rooms
Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 8, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1
Standard status
Active
APN
03-41-08-009-2450
Size
3,600 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL GABLES DOUGLAS SEC PB 25-69 LOT 13 BLK 26 LOT SIZE 50.000 X 110 OR 20868-4368 11/2002 1
Tax Annual Amount
25082
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1946
Floors in Building
2
Flooring type
Wood, Tile, Hardwood, Laminate
Building materials
Block
Roof type
Tile
Architectural style
Other
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Pedro Casanova · License #3208185
(786) 586-1506
Added: Jun 16
Changed: Jul 28
Last Checked: Jul 30 at 3:06AM
MLS# A11998034
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property features two-bedroom, one-bath layouts in each of the four spacious units. All units have private entrances, and the interiors have been updated with white shaker cabinetry, granite countertops, stainless steel appliances, and renovated bathrooms. The property also includes in-unit A/C for each unit, ample closet space, and impact windows installed throughout. An on-site laundry setup is available for residents. The property has completed its 30-year certification in 2026.
Located at 215 Sidonia Ave in Coral Gables, the property is positioned just minutes from Miracle Mile and offers walkable access to dining, shopping, and cafes. The listing also notes convenient proximity to major highways, Brickell, Downtown Miami, and Miami International Airport, with additional nearby access to the University of Miami and top-rated schools.
From an ownership and tenant-readiness standpoint, the unit mix supports a straightforward rental setup, with three units currently occupied and one unit vacant for an owner-occupant or immediate lease-up. The combination of private entrances, updated finishes, impact windows, and in-unit A/C can be an appealing fit for tenants seeking comfort and privacy in a well-kept multifamily building.
Located at 215 Sidonia Ave in Coral Gables, the property is positioned just minutes from Miracle Mile and offers walkable access to dining, shopping, and cafes. The listing also notes convenient proximity to major highways, Brickell, Downtown Miami, and Miami International Airport, with additional nearby access to the University of Miami and top-rated schools.
From an ownership and tenant-readiness standpoint, the unit mix supports a straightforward rental setup, with three units currently occupied and one unit vacant for an owner-occupant or immediate lease-up. The combination of private entrances, updated finishes, impact windows, and in-unit A/C can be an appealing fit for tenants seeking comfort and privacy in a well-kept multifamily building.
Key Highlights
- Four‑unit property built in 1946, constructed with block
- Each unit has 2 bedrooms and 1 full bathroom with private entrances
- Separate A/C system in each unit, with central heating and central air
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.7k | $25.20 |
| − Vacancy | −$5.0k | −$1.39 |
| EGI | $85.7k | $23.81 |
| − OpEx | −$25.7k | −$7.14 |
| NOI | $60.0k | $16.67 |
3,600 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M
NOI $60,011 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$790.9K
$692.1K – $922.8K
NOI $55,366 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,850 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit asset with private entrances, renovated interiors, impact windows, and on-site laundry.
Where is this quadplex located?
The property is located at 215 Sidonia Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Four‑unit property built in 1946, constructed with block; Each unit has 2 bedrooms and 1 full bathroom with private entrances; Separate A/C system in each unit, with central heating and central air
