11502 NAIRN ROAD
About This Property
The living room features a brick fireplace and a wide bay window that fills the space with natural light, flowing into the dining room with sliding glass doors that open to the level backyard. Adjacent to the dining area, the redesigned kitchen includes handsome cabinetry, quartz counters, gas cooking, and stainless-steel appliances.
The main level provides a primary bedroom suite with two closets and a private bathroom, plus two additional bedrooms with overhead lighting and a hall bath with ceramic tile and a new vanity.
The lower level offers a spacious family room with recessed lighting, new carpet, a second brick fireplace, and a mini kitchenette. This level also includes a guest room or office with built-ins, versatile mudroom with rear entry, and a laundry area with a brand-new washer and dryer (to be installed).
Outdoors, the property features a large backyard, a detached garage with an attached shed, a private driveway, and sidewalks. The location is close to Wheaton Regional Park, Sligo Creek Park, Wheaton Ice Arena, horseback riding, biking and walking trails, and the Wheaton Library. Public transportation and shopping are easily accessible, with quick connections to Georgia Avenue and Columbia Pike.
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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 16, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Listed by Perennial Real Estate | $625,000 | |
| Listed by Perennial Real Estate | |||
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About Wheaton - Glenmont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017