500 8th Avenue, Miami, FL 33130

$1,649,999 — Active

Property Features

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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.

Property Details

  • Listing ID: A12075866
  • Status: Active
  • Listing Date: 2026-08-21
  • Property Type: Single Family Residence
  • Subdivision: HORNERS ADDN
  • County: Miami-Dade
  • MLS Area: 2410
  • Bedrooms: 12
  • Full Bathrooms: 6
  • Living Area Sq Ft: 4,658
  • Year Built: 1925

Financial

  • List Price: $1,649,999
  • HOA Fee: None
  • Taxes: $24,355/yr

Features & Amenities

  • Parking: Driveway, On Street
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Vinyl
  • Construction: Block, Frame, Stucco
  • Roof: Shingle
  • Interior Features: Other
  • Exterior Features: Lighting, Balcony

Courtesy of Sellstate 5 Star Realty
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© 2026 Starfish Real Estate. Listings updated Nov 11, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.