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Mediterranean Multifamily Building
For Sale
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Pending

1218 Salzedo St, Coral Gables, FL 33134

Mediterranean-style 12-unit apartment building with remodeled one-bedroom units and wall A/C throughout.

Property Size5,460 SF
Lot Size0.13 Acres
Days on Market143

Property Features for 1218 Salzedo St

General Information

Standard status Pending
Size 5,460 SF
Lot size 0.13 Acres
Property subtype Multifamily
Zoning MF2-

Additional Details

Multifamily Units 12

Building Details

Year Built 1925
Construction Mediterranean style
Tenancy Multi
Listing Agency: Eleven Trust Real Estate Services
Listed By: Rafael Fermoselle · License #FL 3233005
Source: Crexi
Added: Apr 12 Changed: Aug 25 Last Checked: Aug 31 at 2:14AM

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 Eleven Trust Real Estate Services

Investment Insights

Based on property information with market context.

This Mediterranean-style multifamily building was built in 1925 and features a concrete slab and flat roof. The property contains 12 one-bedroom, one-bathroom apartments, each approximately 455 square feet, for a total of just over 5,000 square feet of rental space. Building amenities include wall AC units, and all apartments have been remodeled with new kitchen cabinets, new flooring, new appliances, and updated kitchen and bathroom fixtures.

The building is located in Coral Gables, in close proximity to Miracle Mile and within minutes of Coconut Grove and Little Havana.

The property sits on a 5,500 square foot lot that is currently zoned MF2-.

Key Highlights

  • Mediterranean‑style 12‑unit multifamily building built in 1925 in Coral Gables
  • All units remodeled with new kitchen cabinets, new flooring, new appliances, and new kitchen and bathroom fixtures
  • Unit mix: 12 one‑bedroom, one‑bath units averaging 455 SF; over 5,000 SF total rental space

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

Lease Details

12
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

4,945
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Mediterranean-style 12-unit apartment building with remodeled one-bedroom units and wall A/C throughout.
Where is this apartment building located?
The property is located at 1218 Salzedo St Coral Gables, FL.
What are key features of this property?
This property features: Mediterranean‑style 12‑unit multifamily building built in 1925 in Coral Gables; All units remodeled with new kitchen cabinets, new flooring, new appliances, and new kitchen and bathroom fixtures; Unit mix: 12 one‑bedroom, one‑bath units averaging 455 SF; over 5,000 SF total rental space
More about this property
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