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400 Alcazar Ave, Coral Gables FL 33134

Multi-family For Sale
$1,390,000

BTC: 17.67323586

ETH: 549.29855760

-$109K (2026/08/24)
28 days
0 room(s)
2,124 sqft

Overview

Immaculate turnkey Coral Gables duplex featuring two 2-bed/1-bath units, each with classic architectural charm across two stories. The owner commissioned a thorough pre-sale inspection from TruView Inspections, among the best in the business, completed September 1, 2026, and available to qualified buyers upon request. Major capital improvements are complete: new roof (2022), impact windows and doors (2024). $7,000/month gross income potential: the upper unit is leased at $3,700/month, and the vacant ground-floor unit is rent-ready from day one. Perfect for an owner-occupant offsetting the mortgage with the upper unit, or an investor seeking immediate full occupancy in an ultra-high-demand market where the lower unit recently drew multiple applications within 24 hours. Located on an affluent, quiet residential street within top-rated school districts, the ground-floor residence features a large private terrace, plus a spacious backyard and rare off-street parking for several vehicles. Stroll to Miracle Mile and Giralda Plaza's dining and shopping, or tee off at historic Granada Golf Course. With in-place income, possession flexibility, and pristine condition, 400 Alcazar is an exceptional opportunity for owner-occupants and investors alike.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1937
Lot:
No Data
Heating:
Window/Wall
Price/sqft:
$654
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$775,000
$495K – $1.4M
Confidence Low
List vs. estimate
$615K above estimate
List $1,390,000 · +79.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$654
-27.6% vs. city median $903
Based on
19 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $710K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,418
2025
Parking
6 spaces
All facts and features
  • Flooring

    • Wood

    Heating

    • Window/Wall

    Cooling

    • Wall/Window Unit(s)

  • Other Property Information

    • Parcel Number: 03-41-08-001-0790

    • Zoning: 5900

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $11,418

  • Source details

    • MLS ID: A12066032

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 2124

    • Subdivision Name: CORAL GABLES SEC B

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Capital Realty