Multifamily Development
330-340 Madeira Avenue Coral Gables, FL 33134
330-340 Madeira Avenue, Coral Gables, FL, 33134
$6,400,000
For Sale
$6,400,000
15 existing rental units sit on land that can accommodate 45 new residential units.
Property Size11,656 SF
Price / SF$549.07
Days on Market241
Property Features for 330-340 Madeira Avenue
General Information
- Standard status
- Active
- Size
- 11,656 SF
- Property subtype
- Commercial Sale / Multi Family
Building Details
- Year Built
- 1950
Listing agency
Landy Toledo LLC
(305) 389-2511
Listed by
Landy Toledo · License #0203706
(305) 389-2511
Source
Compass
Added: Nov 23, 2025 Updated: Jul 21 at 2:24PM Checked: Jul 21 at 2:24PM
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 Landy Toledo LLC
Investment Insights
Based on property information with market context.
This multifamily property includes 15 existing rental units on approximately 20,000 square feet of land. The site is described as able to accommodate 45 new residential units, offering a redevelopment pathway alongside current income.
The property is located at 330–340 Madeira Avenue in Coral Gables, Florida.
The offering is presented as a for-sale acquisition with the existing units and the stated site capacity for additional residential development.
The property is located at 330–340 Madeira Avenue in Coral Gables, Florida.
The offering is presented as a for-sale acquisition with the existing units and the stated site capacity for additional residential development.
Key Highlights
- Year built 1950
- 15 existing rental units
- Located on 20,000 sq ft of land with capacity to accommodate 45 new residential units
Local 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 | $341.3k | $29.28 |
| − Vacancy | −$15.4k | −$1.32 |
| EGI | $325.9k | $27.96 |
| − OpEx | −$146.7k | −$12.58 |
| NOI | $179.3k | $15.38 |
11,656 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.56M
$2.24M – $2.99M
NOI $179,261 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.91M
$5.17M – $6.90M
NOI $413,951 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 15 existing rental units sit on land that can accommodate 45 new residential units.
Where is this apartment building located?
The property is located at 330-340 Madeira Avenue Coral Gables, FL.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Year built 1950; 15 existing rental units; Located on 20,000 sq ft of land with capacity to accommodate 45 new residential units
