Coral Gables Multifamily Redevelopment
For Sale
$1,899,000
401 Malaga Ave, Coral Gables, FL 33134
Well-maintained duplex in prime location with redevelopment potential.
Property Size2,585 SF
Price / SF$949,500
Days on Market414
Property Features for 401 Malaga Ave
General Information
Standard status
Active
Size
2,585 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Downtown Coral Gables
Building Details
Building Size
2,585 SF
Year Built
1953
Listing Agency:
Lee & Associates | Miami
Listed By:
Aida Nolan-Rodriguez · License #FL #BK3531035
(305) 987-9733
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Oct 27
Last Checked: Oct 28 at 6:54AM
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 Lee & Associates | Miami
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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.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,191
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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, 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.
