401 Malaga Ave Coral Gables Miami, FL 33134

Building Details

Year Built

1953

Listing Agency Lee & Associates | Miami a***@lee-associates.com Show Phone

Listed by Aida Nolan-Rodriguez · License #627870 Show Phone

Source Lee-associates

Added: Sep 10, 2025 Checked: Jul 17 at 3:19 am

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Investment Insights

Based on property information with market context.

Located in the Coral Gables Biltmore neighborhood, this multifamily investment opportunity at 401 Malaga Avenue features a well-maintained duplex constructed in 1953. The property includes two units: one with 3 bedrooms and 3 bathrooms, and another with 2 bedrooms and 2 bathrooms, totaling 5 bedrooms and 5 bathrooms. Situated on an 11,000-square-foot corner lot, the property provides parking for up to 8 vehicles. Conceptual plans are available for redevelopment into townhomes or 4 multifamily units. Constructed with solid concrete block and featuring a barrel tile roof, the property offers immediate rental income potential and redevelopment possibilities. Located within walking distance of Miracle Mile, residents have access to shopping, dining, and entertainment. The location provides connectivity to Le Jeune Road and U.S. Route 1, facilitating commutes throughout the Miami metropolitan area. The property's proximity to Coral Gables Preparatory Academy and Coral Gables Senior High School enhances its appeal.

Key Highlights

• Prime location in the prestigious Coral Gables Biltmore neighborhood, near Miracle Mile.
• Redevelopment potential with conceptual plans for townhomes or 4 multifamily units on an 11,000 sq ft corner lot.
• Two well‑maintained units: a 3‑bedroom/3‑bathroom and a 2‑bedroom/2‑bathroom.

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FAQs

What type of property is this?

Duplex - Well-maintained duplex in prime location with redevelopment potential.

Where is this duplex located?

The property is located at 401 Malaga Ave Coral Gables Miami, FL.

What is the asking price?

The asking price for this property is $1,899,000.

What are key features of this property?

This property features: Prime location in the prestigious Coral Gables Biltmore neighborhood, near Miracle Mile.; Redevelopment potential with conceptual plans for townhomes or 4 multifamily units on an 11,000 sq ft corner lot.; Two well‑maintained units: a 3‑bedroom/3‑bathroom and a 2‑bedroom/2‑bathroom.