Renovated Coral Gables Multifamily
For Sale
$3,720,000
1610 Salzedo St, Coral Gables, FL 33134
Renovated 12-unit multifamily property in the heart of Coral Gables.
Property Size5,729 SF
Price / SF$673.18
Days on Market192
Property Features for 1610 Salzedo St
General Information
Standard status
Active
Size
5,729 SF
Property subtype
Income/MultiFamily
Building Details
Building Size
5,729 SF
Year Built
1926
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Vicente Rodriguez · License #3289280
(305) 510-6627
Source:
Miamibrokersgroup
Added: Mar 27
Changed: Oct 1
Last Checked: Oct 3 at 12:58AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Located in Coral Gables, this renovated and stabilized 12-unit multifamily asset is a deco-style building with strong in-place income, professional management, and long-term appreciation potential. The building is in beautiful condition, with common areas and outdoor garden spaces tastefully appointed by a landscape and interior designer. The property consists of large, highly attractive and sought after deco studios. The buildings are professionally managed, with no deferred maintenance and all vetted high-quality tenants, to assure smoothly operating long-term investment. The current rent roll generates $262k gross per year, yielding a true NOI of $170,000. Situated in one of Coral Gables' nicest residential neighborhoods, the location features beautiful architecture, lush treescapes, and walkability, assuring a long trajectory of sustained rent and value growth. The building is fully up to date on all re-certifications and fully permitted as of 2026. The property size is 5526 square feet.
Key Highlights
- Stabilized 12‑unit multi‑family asset in the heart of Coral Gables.
- Strong in‑place income with a true NOI of $170,000 per year.
- Professionally managed with no deferred maintenance and high‑quality tenants.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,316
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 12-unit multifamily property in the heart of Coral Gables.
Where is this apartment building located?
The property is located at 1610 Salzedo St Coral Gables, FL.
What is the asking price?
The asking price for this property is $3,720,000.
What are key features of this property?
This property features: Stabilized 12‑unit multi‑family asset in the heart of Coral Gables.; Strong in‑place income with a true NOI of $170,000 per year.; Professionally managed with no deferred maintenance and high‑quality tenants.
