101 Wallace Street
About This Property
Inside, solid tiger oak parquet floors, triple bay windows, and elegant crown molding showcase true craftsmanship. The main level flows effortlessly through spacious living and dining areas, including a den with oak paneling, a sunroom with French doors, and a gracious foyer. Upstairs, a grand oak staircase leads to four comfortable bedrooms including a serene primary suite with its own ensuite bath.
The full finished basement adds valuable living space, featuring solid oak paneling, a wet bar, laundry room, and walkout access to the yard. A long private driveway, garage, and parking for four cars complete the property.
Located near Freeport's vibrant Nautical Mile, with waterfront dining, parks, shopping, and easy access to the LIRR and major highways, this home offers a lifestyle rooted in comfort, character, and connection. Disclaimer: Sold AS IS, House got water damage and needs New Heating System.
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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 |
|---|---|---|---|
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | No longer available | - | |
| No longer available | |||
| May 28, 2026 | Listed by Keller Williams Realty Greater | $780,000 | |
| Listed by Keller Williams Realty Greater | |||
| Jan 15, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Price Decreased |
$949,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
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About Freeport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017