1103 Fair Avenue
About This Property
Great opportunity for first-time buyers or investors! This solid 2-bedroom, 1-bath brick home has already had key updates completed and is ready for your finishing touches. Recent improvements include fresh interior paint, new vinyl plank flooring in main living areas, new carpet in the bedrooms, and new countertops, range, and dishwasher in kitchen.
A bonus room at the rear of the home offers flexible use as a third bedroom, home office, or additional living space. The property sits on a quiet street and features an attached garage and a spacious, fenced backyard-perfect for pets, entertaining, or future enhancements. Conveniently located just minutes from Hwy 35 and Hwy 82, providing easy access to shopping, dining, and everyday amenities.
Being sold AS-IS. Priced accordingly to move in as-is or to allow the next owner to complete additional updates and capture instant equity.
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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 |
|---|---|---|---|
| Mar 10, 2026 | Sold | ||
| Sold | |||
| Feb 24, 2026 | Price Decreased |
$167,500
↓ $2K
(1.3%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$169,750
↓ $3K
(1.6%) | |
| Price Decreased | |||
| Jan 27, 2026 | Price Decreased |
$172,500
↓ $3K
(1.4%) | |
| Price Decreased | |||
| Jan 9, 2026 | Listed by Oyezz Real Estate | $175,000 | |
| Listed by Oyezz Real Estate | |||
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About Gainesville
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Last Updated: 9 months ago
Data Source: NTREIS MLS, MLS# 21150356
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017