1950 WASHINGTON AVE, Opa-locka, FL 33054

1950 WASHINGTON AVE, Opa-locka, FL 33054 is a 6-bedroom, 3-bathroom multifamily 2-9 units : multifamily 3 or more units built in 1959 with 1,929 square feet of living space on a 4,800 square foot lot. The property is currently owned by 1940 WASHINGTON LLC, recorded as of 2026-03-29. The mailing address differs from the property address, suggesting this may be an investment property or rental.

The most recent sale was on 2019-06-06 for $137,000, when IVAN RABINOVICH sold to 1940 WASHINGTON LLC. The property has appreciated $136,900 (136900%) since the prior sale of $100 on 2017-10-24. There are 3 recorded sales for this property.

The 2025 assessed value is $301,420 with a market value of $387,600. This breaks down to $81,600 for the land and $306,000 for the building. The assessed value increased 10% from $274,019 in 2024.

The median household income in this area is $32,476, and the median home value is $308,900. The population density is 8,100 people per square mile. The complete ownership history of this property spans from 2017 to 2019, with 3 recorded transactions in the public record.

The current assessed value represents 220% of the most recent sale price. This high ratio could indicate the property was purchased below market value — a potential sign of a distressed sale or off-market deal. Based on the most recent sale, this property traded at $71 per square foot — a key metric for comparing value across the area's real estate market..