Updated Four-Unit Multifamily
215 Sidonia Avenue Coral Gables, FL 33134
For Sale
$1,950,000
Four updated units each have private entrances, two bedrooms, and one full bathroom, plus on-site laundry.
Property Size3,600 SF
Price / SF$541.67
Days on Market113
Property Features for 215 Sidonia Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family Income / Fourplex
Building Details
Year Built
1946
Listing Agency:
Keller Williams Realty Premier Properties
(305) 595-2844
Listed By:
Pedro Casanova · License #3208185
(305) 595-2844
Source:
Compass
Added: Apr 9
Changed: Jul 20
Last Checked: Jul 29 at 1:42PM
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 Keller Williams Realty Premier Properties
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property offers four spacious units, each configured with two bedrooms and one full bathroom and featuring private entrances. Interiors have been updated with white shaker kitchen cabinetry, granite countertops, stainless steel appliances, and renovated bathrooms. Additional in-unit improvements include each unit’s own A/C system and ample closet space, along with impact windows installed throughout the property. The property also includes on-site laundry.
The asset is located in Coral Gables, with walkable access to dining, shopping, and cafes near Miracle Mile. It is also described as being near major highways and convenient to Brickell, Downtown Miami, and Miami International Airport, with proximity to the University of Miami.
Current occupancy is described as three units occupied and one vacant, providing an option for an owner-occupant or for immediate lease-up.
The asset is located in Coral Gables, with walkable access to dining, shopping, and cafes near Miracle Mile. It is also described as being near major highways and convenient to Brickell, Downtown Miami, and Miami International Airport, with proximity to the University of Miami.
Current occupancy is described as three units occupied and one vacant, providing an option for an owner-occupant or for immediate lease-up.
Key Highlights
- 1946‑built 4‑unit property in Coral Gables with private entrances for all units
- Each unit offers 2 bedrooms and 1 full bathroom; 3 units currently occupied and 1 vacant
- Updated interiors include white shaker kitchen cabinetry, granite countertops, and stainless steel appliances
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 | $90.7k | $25.20 |
| − Vacancy | −$5.0k | −$1.39 |
| EGI | $85.7k | $23.81 |
| − OpEx | −$25.7k | −$7.14 |
| NOI | $60.0k | $16.67 |
3,600 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$857.3K
$750.1K – $1.00M
NOI $60,011 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$790.9K
$692.1K – $922.8K
NOI $55,366 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,850 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four updated units each have private entrances, two bedrooms, and one full bathroom, plus 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 $1,950,000.
What are key features of this property?
This property features: 1946‑built 4‑unit property in Coral Gables with private entrances for all units; Each unit offers 2 bedrooms and 1 full bathroom; 3 units currently occupied and 1 vacant; Updated interiors include white shaker kitchen cabinetry, granite countertops, and stainless steel appliances
