355 Malaga Ave, Coral Gables FL 33134 | Miami-Dade County | A12116734

At 355 Malaga Avenue, this 1963 duplex presents a straightforward entry point into the Coral Gables real estate market. The property consists of two separate 3-bedroom, 2-bath residences, providing immediate utility for an owner who wishes to live in one unit while leasing the other, or for an investor looking to secure rental income in an established neighborhood. The home sits on a substantial 7,950-square-foot lot, which the listing notes has potential for future redevelopment, though that would require you to verify current zoning and City approvals. Location plays a significant role in the value of this asset, as it is situated near downtown Coral Gables, with easy access to local shopping, dining, and major thoroughfares. The building itself is part of the Coral Gables Crafts Sec subdivision, a detail that may appeal to buyers familiar with the specific character of that area. With a total living area of 2,621 square feet across both units, the layout offers practical space for tenants or residents, aligning with the functional demands of a multi-family property in a high-demand city. Priced at $2,982,250, this listing offers a specific financial proposition for those weighing immediate cash flow against long-term land value. Because redevelopment potential depends on municipal regulations that can change, it is essential to conduct your own due diligence on the zoning and approval requirements. For any questions regarding the specific financials or to schedule a viewing, please call 305-859-4733.