500 SW 8th Avenue, Miami, FL 33130
$1,649,999
Property Type:
Residential
Bedrooms:
12
Baths:
6
Square Footage:
4,658
Status:
Active
Current Price:
$1,649,999
List Date:
8/21/2026
Last Modified:
10/27/2026
Overview
Description
...
(Read more)
Exceptional investment opportunity in the heart of Little Havana! This income-producing multifamily property features two detached buildings with six fully renovated 2-bedroom, 1-bathroom units, generating $13,200 in monthly rental income and $158,400 in annual gross income. Offered at $1,650,000, the property delivers an estimated $105,304.50 Net Operating Income (NOI) and an approximate 6.38% capitalization rate based on current operating expenses.Ownership has invested over $200,000 in capital improvements, helping reduce near-term maintenance concerns and providing a turnkey investment opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and upgraded electrical infrastructure with new main service entries and meter boxes (2025/2026). The City of Miami's 40- and 50-year structural recertifications have also been completed and approved.Ideally situated near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, this property offers convenient access to key destinations throughout Miami. With established rental income, extensive capital improvements, completed recertifications, and a central location in a high-demand rental market, this is an attractive opportunity for investors seeking income-producing multifamily real estate with long-term potential.
Listing Details MLS# A12075866
General Property Information
- Property Sub Type
- Single Family Residence
- Bedrooms Total
- 12
- Bathrooms Total
- 6
- Bathrooms Full
- 6
- Building Area Main
- 4658
- Living Area Main
- 4658
- Adjusted Area Main
- 2687
- Year Built
- 1925
- Lot Size Area
- 5800
- Lot Size Acres
- 0.13
- Senior Community YN
- No
- Outdoor Living Spaces YN
- Yes
- Stories Total
- 2
- Direction Faces
- Southwest
- Pool Private YN
- No
Property Features
Exterior Features:
Lighting
Flooring:
Vinyl
Parking Features:
Driveway; On Street
Property Condition:
Resale
Appliances:
Refrigerator; Other
Architectural Style:
Other
Construction Materials:
Block; Frame; Stucco
Cooling:
Central Air
Heating:
Central
Interior Features:
Other
Levels:
Two
Listing Terms:
Cash; Conventional; Owner Will Carry
Other Equipment:
Other
Possession:
Close Of Escrow
Restrictions:
No Restrictions
Road Frontage Type:
Public Road
Road Surface Type:
Paved
Roof:
Shingle
Security Features:
Fire Sprinkler System
Sewer:
Public Sewer
Special Information:
Sold As-Is
Tax Information:
City/County
Water Source:
Public
Showing Requirements:
24 Hour Notice
Outdoor Living Spaces:
Balcony; Porch
Balcony Details:
Balcony - Open
Porch Details:
Porch - Open
Room Types:
Other
Contract Information
- Comp Sale YN
- No
- Original List Price
- 1649999
- Occupant Type
- Tenant
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 500
- Street Direction Prefix
- SW
- Street Name
- 8th
- Street Suffix
- Avenue
- City Name
- Miami
- Municipal Code
- Yes
- State Or Province
- FL
- Postal Code
- 33130
- Postal Code +4
- 3414
- Postal Zip
- 33130
- Subdivision Name
- HORNERS ADDN
- Area
- 2410
- Elementary School
- Riverside (Miami-Dade)
- Middle Or Junior School
- Jose De Diego
- High School
- Booker T. Washington
- Parcel Number
- 0141380060180
- Subdivision Number
- 6
- Zoning
- 3901
- Flood Zone
- AE
Financial Information
- Membership Fee Required YN
- No
- Tax Annual Amount
- 24355
- Tax Year
- 2025
- Tax Legal Description
- HORNERS ADDN PB B-160 BEG NE COR LT 32 S45.87FT W84.40 FT S9FT W30.647FT N54.87FT E115. 04FT TO POB LOT SIZE IRREGULAR OR 25762-4021 06 2007
Status Change Information
- Major Change Timestamp
- 2026-08-21T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-08-21
More Information
Price Calculations
- Current Price To SqFt
- 354.22
Section Details
- Parcel Number MLX
- 0180
Originating Details
- Originating System Key
- 557952784
- Originating System ID
- M00000151
Room Information
| Room Name |
|---|
| Other |
Listing Office:
Sellstate 5 Star Realty

Last Updated: October - 27 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.