1301 Milan Ave
Coral Gables, FL 33134 · multi_family · For Sale · 133 days on market
Asking price$3,200,000
— beds — baths 2,736 sqft
Suggested offer$1,262,265$1,937,735 above the est. market value of $1,262,265.
View on Realtor.com →Listed by Kelly Belem Pereira · Keller Williams Capital Realty
Typemulti_family
Built1929
Price / sqft$1170
Est. value (own analysis)$1,262,265
Rent estimate (building total, own analysis)$10,407/mo
HOANone
1 / 42
Show every detail
Statusfor_sale
Listed date2026-04-22
Removed date—
MLSMiamiMLS #A12004716
Coordinates25.75697, -80.28219
Address1301 Milan Ave
CityCoral Gables
StateFL
Zip33134
Listing ID6197139793
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33134)
Typical home value (ZHVI)$887,965
Typical rent (ZORI)$3,095/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $3,200,000 |
| Down payment (20.0%) | $640,000 |
| Loan amount | $2,560,000 |
| Closing costs (5.0%) | $160,000 |
| Total cash to close | $800,000 |
| Income | |
| Rent (estimate) | $10,407$124,882 |
| Vacancy loss (8.0%) | |
| Effective gross income | $9,574$114,892 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $5,067$60,800 |
| Insurance (placeholder 0.8% of price) | $2,133$25,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $520$6,244 |
| Total operating expenses | $7,720$92,644 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $520$6,244 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
No active rental listings cached yet for this bedroom count.
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 4450 W Flagler St | multi_family | — | — | 2,103 | $915,000 | 2026-09-01 |
| 346 350 Alesio Ave | multi_family | — | — | 2,159 | $1,150,000 | 2026-08-28 |
| 2862 SW 38th Ct | multi_family | — | — | 3,212 | $1,150,000 | 2026-08-24 |
| 4217 SW 2nd Ter | multi_family | — | — | 1,239 | $600,000 | 2026-07-16 |
| 1414 Galiano St | multi_family | 5 | 2 | 2,824 | $1,300,000 | 2026-07-06 |
| 2909 Segovia St | multi_family | 5 | 3 | 2,612 | $1,510,000 | 2026-07-02 |
| 4025 SW 10th St | multi_family | — | — | 4,572 | $1,630,000 | 2026-06-29 |
| 3808 Ponce De Leon Blvd | multi_family | — | — | 2,970 | $1,435,000 | 2026-06-03 |
| 27 SW 55th Avenue Rd | multi_family | 3 | 1 | 1,636 | $575,000 | 2026-05-21 |
| 3741 SW 27th Ter | multi_family | — | — | 2,090 | $980,000 | 2026-05-15 |
| 201 Fluvia Ave | multi_family | — | — | 2,640 | $1,225,000 | 2026-05-13 |
| 111 Salamanca Ave | multi_family | — | — | 4,946 | $1,950,000 | 2026-05-08 |
| 3731 SW 27th St | multi_family | 4 | 2 | 1,715 | $812,000 | 2026-04-21 |
| 1231 Columbus Blvd | multi_family | 4 | 1 | 2,366 | $1,600,000 | 2026-04-13 |
| 4201 SW 7th St | multi_family | — | — | 3,196 | $1,425,000 | 2026-04-07 |
| 2845 SW 37th Ct | multi_family | — | — | 1,669 | $770,000 | 2026-04-07 |
| 3609 S Le Jeune Rd | multi_family | — | — | 3,284 | $1,150,000 | 2026-03-24 |
| 2890 2892 S Le Jeune Rd | multi_family | — | — | 3,164 | $1,400,000 | 2026-02-27 |
| 2880-2882 S Le Jeune Rd | multi_family | — | — | 3,324 | $1,500,000 | 2026-02-27 |
| 4000 4010 Sw 16th Ter | multi_family | 5 | 4 | 2,963 | $980,000 | 2026-01-27 |
| 2820 SW 38th Ct | multi_family | 3 | 1 | 1,170 | $875,000 | 2025-12-19 |
| 5615 SW 1st St | multi_family | 5 | 2 | 1,699 | $250,000 | 2025-12-03 |
| 650 SW 42nd Ave | multi_family | — | — | 2,884 | $1,350,000 | 2025-12-02 |
| 135 Zamora Ave | multi_family | 6 | 6 | 3,600 | $1,900,000 | 2025-11-06 |
| 900 SW 43rd Ave Unit 2 | multi_family | 8 | 4 | 3,424 | $744,600 | 2025-10-17 |
| 2920 SW 37th Ct | multi_family | — | — | 2,369 | $724,900 | 2025-09-26 |
| 406 Valencia Ave | multi_family | 6 | 6 | 5,029 | $4,000,000 | 2025-09-19 |
| 414 Valencia Ave | multi_family | 6 | 6 | 3,900 | $4,000,000 | 2025-09-19 |
| 4100 SW 9th Ter | multi_family | 4 | 2 | 1,562 | $760,000 | 2025-09-09 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
No other cached listings nearby for this bedroom count yet.
10-year hold projection
IRR-5.3%
Equity multiple0.12x
Total return (10yr)-$283,302
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $3,296,000 | $22,248 | -$181,411 | $2,532,244 | $763,756 |
| 2 | $3,394,880 | $23,378 | -$180,437 | $2,502,582 | $892,298 |
| 3 | $3,496,726 | $24,555 | -$179,421 | $2,470,883 | $1,025,844 |
| 4 | $3,601,628 | $25,778 | -$178,361 | $2,437,007 | $1,164,621 |
| 5 | $3,709,677 | $27,050 | -$177,257 | $2,400,805 | $1,308,872 |
| 6 | $3,820,967 | $28,373 | -$176,107 | $2,362,116 | $1,458,851 |
| 7 | $3,935,596 | $29,748 | -$174,908 | $2,320,772 | $1,614,825 |
| 8 | $4,053,664 | $31,178 | -$173,660 | $2,276,587 | $1,777,077 |
| 9 | $4,175,274 | $32,664 | -$172,359 | $2,229,369 | $1,945,905 |
| 10 | $4,300,532 | $34,208 | -$171,005 | $2,178,908 | $2,121,624 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.