10-Unit Apartment
For Sale
$1,975,000
Pending
215 Zamora Ave, Coral Gables, FL 33134
10 one-bedroom units on a double lot with parking and on-site laundry facilities.
Property Size6,593 SF
Days on Market2513
Property Features for 215 Zamora Ave
General Information
Standard status
Pending
Size
6,593 SF
Property subtype
General Commercial
Units
Unit Mix
10 x 1BR
Multifamily Units
10
Additional Details
Public Transit
Yes
Amenities
laundry facilities
3
10 Parking Spaces.
Building Details
Year Built
1937
Buildings
1
Listing Agency:
Wider Realty
(305) 962-0859
Listed By:
Rafael Lopez · License #0538159
(305) 962-0859
Source:
Xome
Added: Sep 18, 2019
Changed: Jul 30
Last Checked: Jul 30 at 6:13PM
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 Wider Realty
Investment Insights
Based on property information with market context.
Apartment building with ten one-bedroom units on a double lot, offering a straightforward rental setup with parking on site. The floorplans feature large bedrooms and dining areas next to the kitchen. Many units retain original wood floors, adding durable character to the residential interiors.
Laundry facilities are available within the building, supporting everyday tenant needs. The property includes 10 parking spaces and was built in 1937.
Convenient access is highlighted by its proximity to Ponce De Leon and a nearby trolley pickup, making it easier for residents to connect to the surrounding area.
Laundry facilities are available within the building, supporting everyday tenant needs. The property includes 10 parking spaces and was built in 1937.
Convenient access is highlighted by its proximity to Ponce De Leon and a nearby trolley pickup, making it easier for residents to connect to the surrounding area.
Key Highlights
- Ten one‑bedroom apartment units on a double lot
- Dining next to the kitchen in every unit
- Many units retain original wood floors
Financial Insights For Apartment 5plus
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 | $193.0k | $29.28 |
| − Vacancy | −$8.7k | −$1.32 |
| EGI | $184.4k | $27.96 |
| − OpEx | −$83.0k | −$12.58 |
| NOI | $101.4k | $15.38 |
6,593 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,396 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,143 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
6,880
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 10 one-bedroom units on a double lot with parking and on-site laundry facilities.
Where is this apartment building located?
The property is located at 215 Zamora Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Ten one‑bedroom apartment units on a double lot; Dining next to the kitchen in every unit; Many units retain original wood floors
