3
Map
$199,000
↓ $16K (7.4%)
●
House -
For Sale
511 Cameron Street
Burlington, NC 27215
5 Beds
2 Baths
2,255 Ft²
$1,052
Est. Monthly
14.40%
Cap Rate
About This Property
Calling all investors and visionaries! This 5 Bedroom, 2 Bathroom
gem in Burlington is currently operating as a boarding house, but
with a little vision, could be a charming single-family residence.
With spacious common areas and a flexible layout, this property
offers plenty of options for investors or homeowners alike.
Permanent stairs to additional space for storage or possible living
area. Home is occupied- please do NOT disturb the tenants. Contact
the Listing Agent to schedule your showing or to get additional
information.
Unit Size
2,255 Ft²
Days on Market
481 days
Land Size
0.19 acres
Price per sqft
$88
Property Type
House
Property Taxes
$75
HOA Dues
-
Year Built
1930
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 12 days ago (TMLS #10107058)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2026 | Price Decreased |
$199,000
↓ $16K
(7.4%) | |
| Price Decreased | |||
| Jan 7, 2026 | Price Decreased |
$215,000
↓ $10K
(4.4%) | |
| Price Decreased | |||
| Sep 12, 2025 | Price Decreased |
$225,000
↓ $10K
(4.3%) | |
| Price Decreased | |||
| Jul 2, 2025 | Listed by Keller Williams Central | $235,000 | |
| Listed by Keller Williams Central | |||
| Jan 30, 2024 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Driveway, Gravel
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen
Flooring Type: Other
Laundry Features: Common Area, Washer Hookup
Exterior Details
Square Footage: 2255
Year Built: 1930
Building Area Total: 2255
Levels: One
Construction Materials: Vinyl Siding
Patio and Porch Features: Covered, Front Porch
Pool Features: None
Lot Features: Back Yard, City Lot, Cleared, Front Yard
Lot Size Area: 0.19
Lot Size Units: Acres
Lot Size Acres: 0.19
Lot Size Square Feet: 8276
Lot Size Dimensions: 60x133x60x133
Water Source: Public
Financial Details
Tax Assessed Value: $94,532
Tax Annual Amount: $896
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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HOA + Taxes
About Burlington
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Listed by: Mike McCann, Keller Williams Central
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10107058
Last Updated: 12 days ago
Data Source: TMLS, MLS# 10107058
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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