Two-Unit Duplex with Separate
New
For Sale
$699,000
1010 Burlington Street, Opa Locka, FL 33054
Residential Income, Opa-Locka, FL
Property Size2,188 SF
Lot Size0.14 Acres
Price / SF$319.47
Days on Market7
Property Features for 1010 Burlington Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
0100
Bedrooms
7
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Window features
ENERGY STAR Qualified WIndows, Insulated Windows, Storm Window(s)
Patio and Porch features
Patio
Pets allowed
Yes, No
Exterior features
Barbecue, Storage
Fencing
Gate, Fenced
Subdivision
OPA LOCKA PLAT NO 3 REV
Elementary school
Dr. Robert B. Ingram
Middle school
North Dade
High school
Miami Central
Directions
From I-95, take the NW 135th St exit west. Continue to Opa-locka, then turn onto Burlington St. Continue to 1010 Burlington St.
Standard status
Active
APN
0821210130250
Size
2,188 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
21 52 41 OPA LOCKA PLAT NO 3 REV PB 70-98 LOT 3 BLK 131 LOT SIZE 50.000 X 125 OR 19963-1370 1001 5 COC 25866-1006 08 2007 6
Tax Annual Amount
11671
Legal Description
21 52 41 OPA LOCKA PLAT NO 3 REV PB 70-98 LOT 3 BLK 131 LOT SIZE 50.000 X 125 OR 19963-1370 1001 5 COC 25866-1006 08 2007 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
separate laundry areas
Building Details
Year built
1941
Floors in Building
1
Number of units
4
Flooring type
Vinyl, Concrete, Tile, Wood
Building materials
CBS, Stucco
Roof type
Shingle
Additional Structures
Outbuilding, Storage
Listing Agency:
Balistreri Real Estate Inc
(561) 886-1600
Listed By:
Ali J Kazinetz · License #3313169
(561) 699-7600
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 23 at 10:06AM
MLS# B26067215
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,188-square-foot duplex contains two residences totaling 7 bedrooms and 4 bathrooms, configured as one 4-bedroom, 2-bath unit and one 3-bedroom, 2-bath unit. Each residence has separate electric and water meters, along with its own laundry area and connections. The property also includes an approximately 200-square-foot shed, patio space, fencing, central heating, and a combination of central air, window units, and ceiling fans. The shingle roof was replaced in December 2022, and the windows are impact-rated except for two windows on the left side of the building.
Both units are occupied under month-to-month leases. The 0.14-acre property is served by public water and public sewer and is located near Miami International Airport, Opa-locka Executive Airport, and major employment centers. The building dates to 1941 and features CBS and stucco construction with vinyl, concrete, tile, and wood flooring.
Both units are occupied under month-to-month leases. The 0.14-acre property is served by public water and public sewer and is located near Miami International Airport, Opa-locka Executive Airport, and major employment centers. The building dates to 1941 and features CBS and stucco construction with vinyl, concrete, tile, and wood flooring.
Key Highlights
- 2,188‑square‑foot duplex with 2 units, 7 bedrooms, and 4 bathrooms
- Unit layout includes one 4BR/2BA residence and one 3BR/2BA residence
- Separate electric and water meters serve each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,882
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$877,640
$877.6K
Cap Rate 7%
$626,886
$626.9K
Cap Rate 9%
$487,578
$487.6K
Market Conditions
NOI Build-Up for 2,188 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.0K $30.60/SF
− Vacancy
−$4.3K −$1.95/SF
EGI
$62.7K $28.65/SF
− OpEx
−$18.8K −$8.60/SF
NOI
$43.9K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$877,640
Cap Rate 7%
$626,886
Cap Rate 9%
$487,578
Alternative Uses
Best Use
Multifamily LT 5
$626.9K
$548.5K – $731.4K
NOI $43,882 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$577.4K
$505.3K – $673.7K
NOI $40,420 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,384 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 33054, FL
30,352
Population
10,263
Households
3
Avg Household Size
37
Median Age
10%
College-Educated
75%
High-School Grad
8.4 sq mi
ZIP Area
3,613
Density / Sq Mi
$42,779
Median Household Income
$31,147
Median Earnings
$1,346
Median Rent
$291,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Occupied two-unit property with individually metered utilities, on-site laundry areas, storage, and a recently replaced roof.
Where is this duplex located?
The property is located at 1010 Burlington Street Opa Locka, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,188‑square‑foot duplex with 2 units, 7 bedrooms, and 4 bathrooms; Unit layout includes one 4BR/2BA residence and one 3BR/2BA residence; Separate electric and water meters serve each unit
