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$1,649,999 Just Listed

  • For Sale
  • Active
  • Single Family
  • 12 Beds
  • 6 Full Baths
  • 4,658 Sq. Ft.
  • Updated 3 days ago
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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.

Full Property Details for 500 SW 8th Ave

General

  • Price: $1,649,999
  • Taxes: $24,355 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A12075866
  • Updated: 8/22/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: First Floor Entry, Second Floor Entry, Fire Sprinklers, Other
  • Appliances: Other Equipment/Appliances, Refrigerator
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Bedrooms

  • Total Bedrooms: 12
  • Bedroom Features: Other

Other Rooms

  • Living Room: Other Sq. Ft.

Additional Information

  • Security/Safety: Fire Sprinklers

Exterior

  • Exterior Features: Lighting, Open Balcony
  • Deck/Patio: Open Balcony, Open Porch

Parking

  • Parking Features: Driveway, Other, On Street

Location

  • Area: Horners Addn
  • County: Miami-Dade County
  • Subdivision: HORNERS ADDN
  • Building Name: HORNERS ADDN
  • Direction Faces: Southwest

Community

  • Community Name: Horners Addn

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Detached, Two Story, Other
  • Structure Type: R30-No Pool/No Water, House
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, Frame With Stucco
  • Roof: Composition Roll, Shingle
  • Building Size: 4658
  • Square Feet: 4,658
  • Living Area: 4,658 Sq. Ft.
  • Year Built: 1925

Lot Features

  • Property View: None
  • Lot Size (Sq. Ft.): 5,800
  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 3901

Financial Considerations

  • Price Per Sq. Ft.: $354.23
  • Tax Amount: $24,355
  • Tax Year: 2025
  • Terms: All Cash, Conventional, Owner Will Carry

Disclosures and Reports

  • 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
  • Restrictions: No Restrictions
  • Property ID: 01-41-38-006-0180

Listed by Sellstate 5 Star Realty

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— 500 SW 8th Ave —

  • Sellstate 5 Star Realty

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 500 SW 8th Ave

School District:Dade County School District
NameGradesDistance
Riverside Elementary Community School
1190 Southwest 2nd Street, Miami, FL 33130
PK-50.4 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.6 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 500 SW 8th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/21/2026
Listed
$1,649,999
101.22%
MLS
11/09/2021
Sold
$820,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 500 SW 8th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$25,212
11%
$1,252,084
10%
2024
$22,803
74%
$1,138,259
22%
2023
$13,083
42%
$936,544
110%
2022
$9,209
1%
$446,688
4%
2021
$9,091
-13%
$427,885
19%
2019
$10,403
11%
$359,874
10%
2018
$9,378
6%
$327,159
-2%
2017
$8,841
11%
$334,618
28%
2016
$7,979
37%
$261,127
87%
2015
$5,821
9%
$139,474
10%
2014
$5,332
9%
$126,795
10%
2013
$4,891
—
$115,269
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Sellstate 5 Star Realty

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500 SW 8th Ave, Miami, FL 33130 (MLS# A12075866) is a Single Family property with 12 bedrooms and 6 full bathrooms. 500 SW 8th Ave is currently listed for $1,649,999 and was received on August 21, 2026. Want to learn more about 500 SW 8th Ave? Do you have questions about finding other Single Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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