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Multifamily Apartment Building
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115 Salamanca Avenue, Coral Gables, FL 33134

Apartment building for sale near Miracle Mile, with proximity to restaurants, shops, and transit in Coral Gables.

Property Size4,950 SF
Price / SF$562.63
Days on Market76

Property Features for 115 Salamanca Avenue

General Information

Standard status Active
Size 4,950 SF
Class A
Property subtype Multifamily
Zoning 3801 MULTI-FAMILY MED DENSITY
Occupancy 90%
Investment Type Stabilized
Net Operating Income $124,600

Building Details

Year Built 1962
Buildings 1
Stories 2
Units 8
Tenancy Multi
Listing Agency: Maddux & Company
Listed By: Jesse Cox · License #3342867
Source: Crexi
Added: Jun 26 Changed: Sep 7 Last Checked: Sep 8 at 6:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maddux & Company

Investment Insights

Based on property information with market context.

115 Salamanca Avenue presents a for-sale multifamily apartment building in Coral Gables, FL. The property is positioned on a quiet, tree-lined street and is offered as a residential income asset.

According to the public remarks, the building is within walking distance of Miracle Mile, as well as nearby restaurants, shops, and transit. This location provides convenient access to surrounding neighborhood amenities.

Please note that additional building details such as unit count, unit mix, or interior features were not provided in the available information.

Key Highlights

  • Multi‑family apartment building for sale at 115 Salamanca Avenue
  • Built in 1962
  • Located in Coral Gables near Miracle Mile

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Pet Grooming Service Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,880
Businesses Nearby

Demographics for 33134, FL

38,739
Population
18,136
Households
2.1
Avg Household Size
46
Median Age
54%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
7,450
Density / Sq Mi
$92,009
Median Household Income
$56,392
Median Earnings
$1,818
Median Rent
$660,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building for sale near Miracle Mile, with proximity to restaurants, shops, and transit in Coral Gables.
Where is this apartment building located?
The property is located at 115 Salamanca Avenue Coral Gables, FL.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: Multi‑family apartment building for sale at 115 Salamanca Avenue; Built in 1962; Located in Coral Gables near Miracle Mile
More about this property
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