111 S 9th Street
About This Property
The remodeled eat-in kitchen features quartz countertops, tile backsplash, pull-out lower cabinets, soft-close drawers, and a walk-in pantry with built-in storage. It opens to the living room, anchored by a gas fireplace with remote and blower and wired for surround sound. A first-floor office with pocket doors, a built-in china cabinet, and a mudroom with storage benches and shoe cubbies complete the main level.
Upstairs, the primary bedroom includes a walk-in closet and second-floor laundry. Three additional bedrooms, each with hardwood floors and ceiling fans, offer flexibility for guests, an office, or a hobby space. Both full baths are finished in subway tile, with tub/shower combos, one on each floor of the home. The finished walk-up attic adds real function: skylights, closets, and room for a fifth bedroom, gym, or play area. The mechanicals stand out: two furnaces create separate heat zones (first-floor unit new in 2021 with central air; second-floor unit updated in 2025), and two connected gas hot water tanks deliver continuous hot water. Roof new in 2023. Maintenance-free aluminum siding and insulating triple-track storm windows keep operating costs down - owner-reported utilities average $165/month for electricity, $155/month for gas, and $50–$100/month for water, depending on usage. Outside, enjoy morning coffee on the mahogany-floored front porch and entertain on the expansive back deck with composite Trex decking and lighted vinyl railings. A detached two-car garage with an updated concrete floor, automatic doors, an attached shed, and a metal roof completes the property. Appliances, window treatments, and window AC units included. Some furniture is available for sale. Walk to restaurants, shops, and everything the West End has to offer.
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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%.
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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 |
|---|---|---|---|
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| Jul 14, 2026 | Listed by Howard Hanna Professionals - Olean | $199,900 | |
| Listed by Howard Hanna Professionals - Olean | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017