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    401 Malaga Ave, Unit | Coral Gables Miami, FL 33134

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    For Sale
    $1,899,000

    Well-maintained duplex in prime location with redevelopment potential.

    Property size:
    2 SF

    Property Features for 401 Malaga Ave

    General Information

    Size
    2 SF

    Building Details

    Year built
    1953

    Source: Aida Nolan-Rodriguez Agent Aida Nolan-Rodriguez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Coral Gables Multifamily Redevelopment Opportunity

    Located in the Coral Gables Biltmore neighborhood, this multifamily investment opportunity at 401 Malaga Avenue features a well-maintained duplex constructed in 1953. The property includes two units: one with 3 bedrooms and 3 bathrooms, and another with 2 bedrooms and 2 bathrooms, totaling 5 bedrooms and 5 bathrooms. Situated on an 11,000-square-foot corner lot, the property provides parking for up to 8 vehicles. Conceptual plans are available for redevelopment into townhomes or 4 multifamily units. Constructed with solid concrete block and featuring a barrel tile roof, the property offers immediate rental income potential and redevelopment possibilities. Located within walking distance of Miracle Mile, residents have access to shopping, dining, and entertainment. The location provides connectivity to Le Jeune Road and U.S. Route 1, facilitating commutes throughout the Miami metropolitan area. The property's proximity to Coral Gables Preparatory Academy and Coral Gables Senior High School enhances its appeal.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.263529
    Latitude
    25.743719

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in prime location with redevelopment potential.
    Where is this duplex located?
    The property is located at 401 Malaga Ave, Unit | Coral Gables Miami, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: - Prime location in the prestigious Coral Gables Biltmore neighborhood, near Miracle Mile.; - Redevelopment potential with conceptual plans for townhomes or 4 multifamily units on an 11,000 sq ft corner lot.; - Two well-maintained units: a 3-bedroom/3-bathroom and a 2-bedroom/2-bathroom.
    (305) 987-9733
    Request Owner's contact information
    401 Malaga Ave, Unit | Coral Gables Miami, FL 33134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Malaga Ave, Unit | Coral Gables Miami, FL 33134
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