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315 Navarre Ave 9 Unit Apartment Building $2,850,000 ($316,667/Unit) 5.58% Cap Rate Coral Gables, FL 33134
Executive Summary
Fausto Commercial Realty proudly presents 315 Navarre Avenue, a prime multifamily investment in the heart of Coral Gables. This 9-unit building totals 9,702 SF of living area on a highly desirable Coral Gables street, just steps from Miracle Mile and across from the brand-new Sofia Coral Gables luxury
apartments. Sitting on a 1927-built structure with classic Coral Gables charm, this property provides both immediate income and long-term redevelopment potential. With a price of $2,850,000, 315 Navarre offers investors the rare opportunity to own a stabilized asset in one of South Florida’s most supply-constrained and walkable neighborhoods. Surrounded by high-end retail, dining, and residential developments, the location ensures strong tenant demand and rental upside. The MF2 zoning enhances the long-term value, with significant redevelopment potential in a market where multifamily land trades at
premium pricing. Whether held for steady cash flow or positioned for future assemblage and redevelopment, 315 Navarre is a rare Coral Gables opportunity with durable income and built-in appreciation.
apartments. Sitting on a 1927-built structure with classic Coral Gables charm, this property provides both immediate income and long-term redevelopment potential. With a price of $2,850,000, 315 Navarre offers investors the rare opportunity to own a stabilized asset in one of South Florida’s most supply-constrained and walkable neighborhoods. Surrounded by high-end retail, dining, and residential developments, the location ensures strong tenant demand and rental upside. The MF2 zoning enhances the long-term value, with significant redevelopment potential in a market where multifamily land trades at
premium pricing. Whether held for steady cash flow or positioned for future assemblage and redevelopment, 315 Navarre is a rare Coral Gables opportunity with durable income and built-in appreciation.
Property Facts
| Price | $2,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $316,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.58% | Building Size | 6,416 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Zoning | MF2 - Multi-Family | ||
| Price | $2,850,000 |
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 6,416 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | MF2 - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 03-4108-006-0630 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,562,268 |
Property Taxes
Parcel Number
03-4108-006-0630
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,562,268
Contacts
-
Vicente Rodriguez -
Christopher Canizares -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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