15
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1004 Marietta Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$275,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by Century 21 Results | $285,000 | |
| Listed by Century 21 Results | |||
| Aug 15, 2026 | Price Decreased |
$285,000
↓ $35K
(10.9%) | |
| Price Decreased | |||
| Aug 15, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Century 21 Results | $319,900 | |
| Listed by Century 21 Results | |||
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Rare opportunity in an incredible location at a price point that is extremely hard to find in this area. This 4 bedroom, 1 bathroom ranch sits on over 1+ acre right on Marietta Road and is within walking distance to shopping, restaurants, groceries, and more. This property is ideal for an investor looking for strong current income with future upside. The home currently has long-term tenants in place for approximately 8 years who would love to stay, offering immediate and stable rental income from day one. Beyond the existing income, the true value is in the land and location. With over an acre and prime road frontage, this property presents multiple potential exit strategies for the right buyer. Opportunities may include redevelopment for new construction homes or townhomes, or potential commercial uses such as office, storage, or similar concepts. A brand new townhome community is located directly behind the property, further supporting the growth and future potential of the area. All redevelopment or zoning changes would be subject to buyer verification. Properties offering this combination of in-place income, land value, location, and long-term upside are rare. Do not miss this opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017