115 Prospect Street
About This Property
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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 |
|---|---|---|---|
| May 5, 2025 | In contract | - | |
| In contract | |||
| Dec 3, 2024 | Price Decreased |
$325,000
↓ $33K
(9.2%) | |
| Price Decreased | |||
| Oct 2, 2024 | Listed | $358,000 | |
| Listed | |||
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Charming Historic Victorian Home nestled in the heart of Newport City! This former B&B has been restored to its former glory and is waiting for you. Space for everyone in this 4+ bedrooms, 5-bathroom home. First floor laundry off the kitchen along with a sunroom, bedroom and bath, living room with a wood burning fireplace. Upstairs you will find the remaining bedrooms and 3 bathrooms. Hardwood floors, propane and wood heating along with a spray foam insulation in the basement. Outside enjoy relaxing on the covered porches overlooking the perennial gardens and a 1 car + detached garage with a workshop space offers plenty of storage. This home has great income potential as an Airbnb, B&B, long term suite rentals or possibly even assisted living with a private entrance. Close to downtown shopping, Jay Peak Ski Resort, ATV/Snowmobile trails, hiking and surrounding lakes!
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| Jun 3, 2022 | Sold | ||
| Sold | |||
| Feb 25, 2022 | Listed by Sanville Real Estate, LLC | $300,000 | |
| Listed by Sanville Real Estate, LLC | |||
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NEWPORT CITY - Former B&B, this completely restored Victorian has room for everyone. 4+ bedrooms, 5 bathrooms, kitchen with a ton of storage space, library, and more. Each bedroom has its own bathroom, and there's even an "inn-keeper's suite" with private staircase. Hardwood floors, newer propane heating system, sprayed-in insulation in basement. A bedrooms on the first floor as well as first-floor laundry for convenience. Many, many updates make this turn-key and move-in ready. Lovely landscaped 0.23 acre lot. 1 car detached garage.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017