PK-5 Grades
- Elementary
Riverside Elementary ↗
Attendance zone Elementary
Distance 0.4 mi
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HORNERS ADDN · Miami, FL 33130 · MLS A12075866
500 SW 8th Ave
Asking price$1,649,999
LIVE · MLS · AS OF NOV 1, 2026
- Bedrooms
- 12
- Bathrooms
- 6
- Living area
- 4,658 SF
- Price per SF $354/SF
- Lot · 0.13 AC
- 5,800 SF
- Year built
- 1925
Listed by Sellstate 5 Star Realty
Description
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.
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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.
Property information
The propertyAs the MLS records it
- Property type
- Single Family Residence
- Year built
- 1925
- Lot size
- 5,800 SF · 0.13 AC
Size and layout
- Living area
- 4,658 SF
- Bedrooms
- 12
- Bathrooms
- 6
Home and lot
- Subdivision
- HORNERS ADDN
- Waterfront
- No
Costs and record
- Annual property tax
Payment calculator
Estimated monthly payment
$11,097 per month
30-year fixed, 7.32% interest
- Principal and interest
- $9,067
- Property taxes
- $2,030
The calculator opens on the national average rate for a 30-year fixed-rate loan: 7.32% for the week of October 22, 2026. Source: Freddie Mac, Primary Mortgage Market Survey ↗
For illustration only: an estimate, not a loan offer or a quote. The tax is the last annual bill the MLS records for this property; in Florida a property is reassessed when it is sold, so a buyer's tax will differ. Insurance is not estimated: it is included only when you enter your own quote. The rate is a national weekly average, not the rate a lender will offer you: change it to the one you are quoted.
REQUEST A TOUR
See 500 SW 8th Ave in person.
Showings of 500 SW 8th Ave, Miami, FL 33130 are by appointment. Send the request here, call or write on WhatsApp: Julian Acosta, real estate advisor with Compass, answers within one business day to confirm a day and a time.
How to request a showing
Send the request
Use the form on this page, call +1 (786) 473-2565 or write on WhatsApp.
Say when
Name the days and the times that suit you. A second option helps.
Julian confirms
He answers within one business day and confirms the day and the time with you.
The listing and who shows it
- Address
- 500 SW 8th Ave, Miami, FL 33130
- MLS number
- A12075866
- Listed by
- Sellstate 5 Star Realty
- Showings
- Julian Acosta, real estate advisor with Compass
- Reach him
- +1 (786) 473-2565 · WhatsApp ↗ · Text message · E-mail
No lists, no obligation.
Schools
Zoned public schools · Miami-Dade County Public Schools
6-8 Grades
- Middle
de Diego, Jose Middle ↗
Attendance zone Middle
Distance 2.6 mi
9-12 Grades
- Senior high
Washington, Booker T. Senior High ↗
Attendance zone Senior high
Distance 1.2 mi
Elementary · PK–5Middle · 6–8Senior high · 9–12 Color marks the grades a school serves, never a rating.
◆ SOURCE · MIAMI-DADE COUNTY GIS · ATTENDANCE BOUNDARIES EDITED SEP 21, 2026
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ABOUT THIS LISTING
Where this listing's information comes from.
◆ MIAMI REALTORS® · SOUTHEAST FLORIDA MLS◆ UPDATED NOV 1, 2026◆ MLS A12075866
The information on this page is supplied by the Southeast Florida Multiple Listing Service of the MIAMI Association of REALTORS®. It is deemed reliable but is not guaranteed accurate by the MLS, and it may have changed since the date above. It is provided for your personal, non-commercial use and may not be used for any purpose other than to identify properties you may be interested in purchasing. This listing is held by Sellstate 5 Star Realty. Julian Acosta is a real estate advisor with Compass.
Compass Coral Gables · 1515 Sunset Dr, Suite 40, Coral Gables, FL 33143 · julian.acosta@compass.com · +1 (786) 473-2565
A listing shown here may be held by a brokerage other than Compass. To report an error in this listing's information, write to julian.acosta@compass.com.
