USAFLMiami500 Sw 8Th Ave
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New
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$1,649,999

For Sale

2 hours ago

500 Sw 8Th Ave, Miami, FL

House

MLS® A12075866

12 Bed

6 Bath

4658 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 4658 sqft
Garage 
Taxes $24,355
Days Active 1
Lot Size 5800 SF
Approx. Age 1925
Avg. Price Per Sqft $354
MLS® Number A12075866

Property Address: 500 Sw 8th Ave, Miami, FL, 33130

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity in the heart of Little Havana. This income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a Net Operating Income (NOI) of $115, 144.50, representing an approximate 6.98% cap rate based on a $1, 649, 000 purchase price. Ownership has invested over $200, 000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026). For additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development. A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.
MLS® NumberA12075866
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1925
Basement
DrivewayDriveway, Other, On Street
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 22, 2026List Date
$1,649,999List Price
-End Date
Not Sold YetSold Price

For Sale

Apr 20, 2026List Date
$1,680,000List Price
  • Commute

Commute

Starting Address
Destination Address
500 Sw 8Th Ave, Miami, FL

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