$1,695,000list price
Price cut$54,000
0 ba · 3,528 sq ft 2 to 4 units
403 SW 12TH AVE, MIAMI, FL 33130
Listing courtesy of Cervera Real Estate Inc.. MLS# A12068342.On the MLS · Listed Aug 5
$1,649,999
500 SW 8TH AVE, MIAMI, FL 33130
12 beds6 baths4,658 sq ftHouseBuilt 1925
Updated today, November 3, 2026This home against East Little Havana
$354 per sq ft, 20% under the East Little Havana median
76 days on the market
$24,355 in property taxes (2025)
5,663 sq ft lot
East Little Havana today: 71 homes for sale, median list price $739,000.
About this home
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.
Zoned schools
Elementary: Riverside Elementary School
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Riverside Park, 0.2 mi
Beach: Hobie Island Beach, 1.5 mi
Grocery: Presidente Supermarket, 0.4 mi
Distances from the center of East Little Havana, MIAMI.
Listing courtesy of Sellstate 5 Star Realty. MLS# A12075866.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed August 19, 2026.
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