109 County Route 28
About This Property
An established driveway leads from the road and opens to a well-defined parking area finished with millings. An immediate sign that time and effort have already been invested here. Electricity has been extended into the property with a meter in place, and a dug well provides a potential functional water source. These elements can often delay progress but are already accounted for.
Water shapes the balance of the land. Much of the acreage transitions into wetlands, creating a natural environment that supports migratory birds, amphibians, and a steady flow of wildlife activity. A creek winds through the property, tied into the North Branch of Grindstone Creek, bringing movement, habitat, and a sense of space that shifts with the seasons.
Tucked within the landscape, an existing cabin remains on site-suited for those willing to take on a project or reimagine the footprint entirely. Its presence offers a starting point, whether that means renovation, replacement, or a new approach altogether.
The surrounding area teems with recreational opportunity. The Salmon River is just minutes away, drawing anglers from across the region and beyond for its renowned salmon and steelhead runs, while the 8,000± acre Happy Valley Wildlife Management Area provides expansive public access for hunting and year-round recreation.
A project camp fits naturally into this setting, with potential for a residential site, both subject to buyer due diligence and approvals. The seller is motivated and has priced the property accordingly, with seller financing potentially available for qualified buyers. This is a property with access, infrastructure, and a landscape that carries its own unique place among the local landscape and one ready to be reignited with activity and care.
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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 27, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Price Decreased |
$39,900
↓ $10K
(20%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed by Whitetail Properties Real Estate, LLC | $49,900 | |
| Listed by Whitetail Properties Real Estate, LLC | |||
| Sep 16, 2025 | Price Decreased |
$39,900
↓ $10K
(20%) | |
| Price Decreased | |||
| Aug 29, 2025 | Relisted | $49,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017