Real Estate by Fania — Stefania Riverin
(786) 828-0091

$1,649,999

500 SW 8th Ave

12 bd · 6 ba · 4,658 sq ft

67 days on marketSingle Family Residence
500 SW 8th Ave, photograph 1 of 27500 SW 8th Ave, photograph 2 of 27500 SW 8th Ave, photograph 3 of 27500 SW 8th Ave, photograph 4 of 27500 SW 8th Ave, photograph 5 of 27500 SW 8th Ave, photograph 6 of 27500 SW 8th Ave, photograph 7 of 27500 SW 8th Ave, photograph 8 of 27500 SW 8th Ave, photograph 9 of 27500 SW 8th Ave, photograph 10 of 27500 SW 8th Ave, photograph 11 of 27500 SW 8th Ave, photograph 12 of 27500 SW 8th Ave, photograph 13 of 27500 SW 8th Ave, photograph 14 of 27500 SW 8th Ave, photograph 15 of 27500 SW 8th Ave, photograph 16 of 27500 SW 8th Ave, photograph 17 of 27500 SW 8th Ave, photograph 18 of 27500 SW 8th Ave, photograph 19 of 27500 SW 8th Ave, photograph 20 of 27500 SW 8th Ave, photograph 21 of 27500 SW 8th Ave, photograph 22 of 27500 SW 8th Ave, photograph 23 of 27500 SW 8th Ave, photograph 24 of 27500 SW 8th Ave, photograph 25 of 27500 SW 8th Ave, photograph 26 of 27500 SW 8th Ave, photograph 27 of 27

Listing courtesy of Sellstate 5 Star Realty. 239-491-2430

From the MLS

Bedrooms
12
Bathrooms
6
Living area
4,658 sq ft
Asking per square foot
$354
Year built
1925
ZIP code
33130
MLS number
A12075866

What the listing says

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.

Description supplied by Sellstate 5 Star Realty.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

Stefania represents buyers. She does not hold this listing and has no stake in this one selling over any other, which is the position you want the person reading those documents to be in.

Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Work with Stefania

Or tell her what you are actually looking for

One listing is a data point. If you say what the place is for, she will come back with the buildings that fit and the ones to avoid.

CallTextWhatsAppMessage