Coral Gables Multifamily
For Sale
Contact for pricing
320-324 Mendoza Ave, Coral Gables, FL 33134
Renovated 28-unit multifamily portfolio in a premier residential neighborhood.
Property SizeContact for details
Days on Market171
Property Features for 320-324 Mendoza Ave
General Information
Standard status
Active
Class
B
Property subtype
Multifamily
Zoning
RU-3 & MF2, 3801 multi-family med density
Net Operating Income
$480,000
Building Details
Year Built
1926
Buildings
2
Stories
3
Units
28
Listing Agency:
Fausto Commercial Realty Consultants
(305) 510-6627
Listed By:
Chris Canizares · License #3593754
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 18 at 8:01PM
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
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire a renovated, income-producing multifamily portfolio comprising 28 units across three buildings. The properties are located in a premier residential neighborhood and are professionally managed. The portfolio is fully stabilized and offers in-place cash flow. There is potential for additional upside through mark-to-market rents, supported by nearby comparable properties. Two of the buildings are symmetrical 8-unit buildings, one of which has been fully gut renovated and the other substantially renovated, featuring highly attractive one-bedroom apartments. The third building is a 12-unit building composed of large Deco Studios. The buildings are in beautiful condition, with common areas and outdoor garden spaces tastefully appointed by a landscape and interior designer. There is no deferred maintenance, and all tenants are vetted. The current rent roll generates $662k gross per year, but market rents today would yield $700k gross, to yield a true NOI of $480,000. The location is in one of Coral Gables’ nicest residential neighborhoods, with architecture, lush treescapes, and walkability. All buildings are fully up to date on all re-certifications and fully permitted as of 2026.
Key Highlights
- Income‑producing multifamily portfolio with a true NOI of $480,000.
- Potential to increase gross annual rent roll to $700k based on current market rents.
- Located in a premier residential neighborhood in Coral Gables known for its beautiful architecture and walkability.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,830
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 - Renovated 28-unit multifamily portfolio in a premier residential neighborhood.
Where is this apartment building located?
The property is located at 320-324 Mendoza Ave Coral Gables, FL.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: Income‑producing multifamily portfolio with a true NOI of $480,000.; Potential to increase gross annual rent roll to $700k based on current market rents.; Located in a premier residential neighborhood in Coral Gables known for its beautiful architecture and walkability.
