Charming Coral Gables
1704 South Le Jeune Road Coral Gables, FL 33134
For Sale
$1,299,000
Duplex offers updated electrical and plumbing, separate yards for each unit, and open parking.
Property Size2,183 SF
Price / SF$595.05
Days on Market474
Property Features for 1704 South Le Jeune Road
General Information
- Standard status
- Active
- Size
- 2,183 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1960
Listing Agency:
Onyx Realty
(305) 357-4040
Listed By:
Sean Guim · License #3403699
(305) 357-4040
Source:
Compass
Added: Apr 8, 2025
Changed: Jul 22
Last Checked: Jul 23 at 9:43AM
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 Onyx Realty
Investment Insights
Based on property information with market context.
This duplex features updated electrical and plumbing and is arranged with separate yards for both units. The property also includes open parking, supporting straightforward day-to-day access for residents.
The asset is located at 1704 South Le Jeune Road in Coral Gables, Florida.
For investors seeking a residential income property with distinct outdoor areas for each unit, this duplex presents a practical two-unit configuration with utility updates and on-site parking.
The asset is located at 1704 South Le Jeune Road in Coral Gables, Florida.
For investors seeking a residential income property with distinct outdoor areas for each unit, this duplex presents a practical two-unit configuration with utility updates and on-site parking.
Key Highlights
- Coral Gables duplex built in 1960
- Updated electrical and plumbing
- Separate yards for both units
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 | $55.0k | $25.20 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $52.0k | $23.81 |
| − OpEx | −$15.6k | −$7.14 |
| NOI | $36.4k | $16.67 |
2,183 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.9K
$454.9K – $606.5K
NOI $36,390 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$479.6K
$419.7K – $559.6K
NOI $33,573 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$1.11M
$969.1K – $1.29M
NOI $77,527 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers updated electrical and plumbing, separate yards for each unit, and open parking.
Where is this duplex located?
The property is located at 1704 South Le Jeune Road Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Coral Gables duplex built in 1960; Updated electrical and plumbing; Separate yards for both units
