Four-Unit Quadplex with Impact
215 Sidonia Avenue, Coral Gables, FL 33134
For Sale
$1,645,000
Fully leased residential property with private entrances, updated interiors, and on-site laundry.
Property Size3,600 SF
Price / SF$456.94
Days on Market53
Property Features for 215 Sidonia Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry
Building Details
Year Built
Buildings
Listing Agency:
Compass Florida, LLC
(305) 697-5402
Listed By:
Diego Ramos · License #3166410
(786) 300-8886
Source:
Lehmannflorida
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 10:31AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Built in 1946, this 3,600-square-foot quadplex contains four residences, each offering two bedrooms, one bathroom, and a separate entrance. Interior improvements include renovated bathrooms, updated kitchens with stainless steel appliances, impact windows throughout, and individual A/C systems. On-site laundry serves the property, and all four units are currently rented. The building completed its 30-year certification in 2026.
The property is located at 215 Sidonia Avenue in Coral Gables, near Miracle Mile, the University of Miami, Brickell, Downtown Miami, Miami International Airport, major highways, shopping, and dining. Its four-unit configuration and separately entered residences provide a clearly defined multifamily layout within an established Miami-area setting.
The property is located at 215 Sidonia Avenue in Coral Gables, near Miracle Mile, the University of Miami, Brickell, Downtown Miami, Miami International Airport, major highways, shopping, and dining. Its four-unit configuration and separately entered residences provide a clearly defined multifamily layout within an established Miami-area setting.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 1‑bath residences
- 3,600 SF building completed in 1946
- All four units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,011
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,220
$1.2M
Cap Rate 7%
$857,300
$857.3K
Cap Rate 9%
$666,789
$666.8K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$90.7K $25.20/SF
− Vacancy
−$5.0K −$1.39/SF
EGI
$85.7K $23.81/SF
− OpEx
−$25.7K −$7.14/SF
NOI
$60.0K $16.67/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,200,220
Cap Rate 7%
$857,300
Cap Rate 9%
$666,789
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M
NOI $60,011 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$790.9K
$692.1K – $922.8K
NOI $55,366 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,850 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,782
Businesses Nearby
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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
$660,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Miami-Dade County, FL
Properties on Market for Quadplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential property with private entrances, updated interiors, and on-site laundry.
Where is this quadplex located?
The property is located at 215 Sidonia Avenue Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 1‑bath residences; 3,600 SF building completed in 1946; All four units are currently rented
