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500 SW 8th Ave, 
Miami, FL 33130

$1,680,000


12

Beds


6

Baths


4,608

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Joey Fumero-Manso

Sellstate 5 Star Realty

239-491-2430

Last updated:

August 14, 2026, 09:51 AM

MLS#

A12004679

Source:

SEFMLS

About This Home

500 SW 8th Ave

TURNKEY LITTLE HAVANA MULTIFAMILY | 6.85% CAP RATE Exceptional investment opportunity in the heart of Little Havana! This premium 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 strong Net Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price. Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. 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 added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind. Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.

Home Facts

Single Family

6 Baths

12 Bedrooms

Built in 1925

Subdivision & Development:

HORNERS ADDN

Price Summary

1,680,000

$364 per Sq. Ft.

MLS #:

A12004679

Last Updated:

August 14, 2026, 09:51 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

4,608 Sq. Ft.


Structure

Structure

Architectural Style:

Detached, Two Story

Building Area:

4,608 Sq. Ft.

Year Built:

1925


Lot

Lot Size (Sq. Ft):

5,800


Finances & Disclosures

Finances

Price:

$1,680,000

Price per Sq. Ft:

$364 per Sq. Ft.

Source:SEFMLS
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.