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1042 E 3rd Street
About This Property
Enjoy added peace of mind with a new roof, fully updated plumbing and partial electrical updates. Outside, the spacious backyard is ready for your vision, with room to create a garden, entertaining space or outdoor retreat. Alley access offers added flexibility. With classic character, modern comforts and a lot just over a quarter acre, this home is ready to make your own.
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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 |
|---|---|---|---|
| Nov 7, 2026 | In contract | - | |
| In contract | |||
| Oct 24, 2026 | Price Decreased |
$525,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Oct 2, 2026 | Price Decreased |
$535,000
↓ $4K
(0.7%) | |
| Price Decreased | |||
| Aug 26, 2026 | Listed by Arizona Elite Properties | $539,000 | |
| Listed by Arizona Elite Properties | |||
| Oct 23, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017