Home » Properties » 1940 Ali Baba Ave, Opa-Locka FL 33054

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1940 Ali Baba Ave Quadruplex in Opa-Locka, FL

Investment opportunity with four rental units at 1940 Ali Baba Ave, Opa-Locka. Includes three 2-bed/1-bath, one 1-bed/1-bath, and a 3-bed/1-bath single family home.

$800,000

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MLS #A11772033

Listing Updated: 2026-07-15 18:36:59

Listed By: Keller Williams Capital Realty

Overview

This residential income property at 1940 Ali Baba Ave in Opa-Locka offers a compelling value-add investment opportunity. The quadruplex includes three units with two bedrooms and one bathroom each, one unit with one bedroom and one bathroom, plus a single-family home featuring three bedrooms and one bathroom. All units are currently rented below market value, providing potential for rent increases and higher monthly income. The property is sold as a package since the units share the lot and parking. Tenants are on month-to-month leases, offering flexibility for future leasing strategies. This listing is part of a larger portfolio of 11 units that includes multi-family and single-family properties, with options to buy together or separately.

Property Highlights

Four rental units including a single-family home; below-market rents; shared lot and parking; month-to-month tenants; part of an 11-unit portfolio; located in Opa-Locka, FL.

Property Details

City: Opa-Locka

State: FL

Zip Code: 33054

Address: 1940 Ali Baba Ave, Opa-Locka FL 33054

Year Built: 1944

Property Type: Residential Income

Property Sub Type: Quadruplex

Listing Office Name: Keller Williams Capital Realty

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $12,352

Days On Market: 465 Days

Original Listing Description

Great value add investment opportunity! Units are currently rented under market value. Three units are 2 bed/1 bath, one unit is 1 bed/1 bath and the single family is 3 bed/1 bath. Both must be sold together as they share the lot/parking. Great potential to increase the rent for a significantly higher monthly income. All tenants are month to month. This is a part of a portfolio of 11 total units for sale that includes two multi-families and one single family. Seller is open to selling them together or separately.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1940 Ali Baba Ave, Opa-Locka FL 33054

About This Neighborhood

Opa-Locka is a distinctive community in Florida known for its unique architecture and diverse population. The neighborhood offers a mix of residential and commercial areas, providing convenience and accessibility. Residents benefit from proximity to major highways and local amenities. The area is undergoing gradual revitalization, attracting interest from investors and homebuyers alike. Its community-oriented atmosphere and cultural heritage make it a notable location within Miami-Dade County. The neighborhood’s accessibility to downtown Miami and other employment centers enhances its desirability for renters and buyers.

Walkability & Lifestyle

The property’s location in Opa-Locka offers convenient access to local amenities, including restaurants, shops, and community services. Residents can enjoy nearby parks and recreational areas for outdoor activities. The neighborhood’s walkability supports daily errands and leisure outings without heavy reliance on vehicles. Proximity to major roads facilitates easy travel to Miami and surrounding areas. While the area is primarily residential, its accessibility to commercial corridors and public transportation options enhances lifestyle convenience for residents and tenants alike.

Things To Do Nearby

Opa-Locka provides a variety of activities and attractions for residents and visitors. The community is known for its distinctive Moorish architecture and cultural events. Nearby parks and green spaces offer opportunities for outdoor recreation, including walking, jogging, and family outings. Dining options range from local eateries to casual restaurants, reflecting the area’s diverse culture. Access to waterfront locations and marinas is available within a short drive, supporting boating and water sports enthusiasts. The neighborhood’s proximity to Miami’s entertainment and nightlife further enriches lifestyle options.

Nearby Schools

Opa-Locka offers access to several public and charter schools within reasonable distances, providing educational options for families residing in the area. The community’s schools serve a diverse student population and are part of the Miami-Dade County Public Schools district. Proximity to educational institutions enhances the property’s appeal to tenants with school-age children. Families benefit from convenient transportation routes to nearby schools, supporting daily routines. While specific school names are not listed, the area’s educational infrastructure is an important consideration for residents.

Why Buyers Like This Area

Buyers appreciate this Opa-Locka property for its combination of multi-family units and a single-family home on one lot, offering versatile income streams. The location provides convenient access to Miami’s urban centers while maintaining a more affordable price point. The property’s potential for rent increases and flexible lease terms are attractive to investors. Additionally, the neighborhood’s cultural character and ongoing development contribute to its appeal. Buyers seeking a manageable portfolio addition or entry into the local residential income market find this listing noteworthy.

Investment Potential

This quadruplex at 1940 Ali Baba Ave presents a solid opportunity for investors seeking residential income properties in Opa-Locka. With units currently rented below market value, there is clear potential to enhance rental income through strategic rent adjustments. The month-to-month leases provide flexibility to adapt leasing terms as market conditions evolve. Additionally, the property’s shared lot and parking arrangement simplifies management. Being part of a larger portfolio offers buyers options to expand their holdings or focus on this single asset. Its location in Opa-Locka, a community with growing interest, adds to its appeal for long-term investment strategies.

Market Trends

The Opa-Locka real estate market shows steady demand for affordable residential income properties. Inventory levels support opportunities for buyers looking to acquire multi-family units with potential for rent growth. The area’s evolving demographics and ongoing community development contribute to sustained interest. While prices remain competitive compared to neighboring markets, properties with value-add potential, like this quadruplex, attract attention from investors seeking to optimize rental income. Long-term market outlook suggests gradual appreciation aligned with broader regional trends in Miami-Dade County.

Rental Income Potential

Rental income potential for this property is promising due to its current below-market rents and month-to-month tenant agreements. This flexibility allows owners to adjust rents in response to market conditions and tenant turnover. The mix of unit sizes, including two-bedroom and one-bedroom options plus a single-family home, caters to diverse tenant needs. Location in Opa-Locka supports steady rental demand, especially among working professionals and families seeking affordable housing near Miami. While rental income cannot be guaranteed, the property’s configuration and lease terms provide a foundation for stable cash flow with room for growth.