1175 Walnut St
About This Property
Welcome to 1175 Walnut Street, a versatile 4-bedroom, 2-bath home with a rare lock-off style layout, ideal for house hacking, multi-generational living, or income potential.
The main level offers 2 bedrooms and 1 full bath, hardwood floors throughout the living room and bedrooms, and an updated kitchen featuring quartz countertops, a large pantry, refrigerator, dishwasher, electric stove, and microwave. Tile flooring runs through the kitchen, bath, and laundry area, with a laundry closet designed for a stackable washer and dryer.
The basement level functions as a private living space with 2 bedrooms, a 3/4 bath, living area, and kitchenette-perfect for rental income or guests. The kitchenette includes a butcher-block countertop, small refrigerator, and plug-in cooktop. Vinyl flooring runs through the living area and bath, with carpeted bedrooms. Laundry is located in the basement utility room.
A separate rear entrance leads directly to the basement, and double locking doors allow the space to be secured as a true lock-off or opened for full-home access.
Outside, enjoy a huge fenced backyard with a large shed and double gate-ideal for vehicles, trailers, or RVs-plus a long front driveway for ample off-street parking.
Major upgrades include a brand-new A/C, high-efficiency furnace, tankless hot water heater and newer roof. Located in a quiet neighborhood close to schools, parks, downtown Brighton, shopping, and easy access to DIA.
A smart house hack with flexibility and strong rent potential-don't miss this opportunity.
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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 |
|---|---|---|---|
| Jan 12, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Listed by Re-Assurance Homes | $430,000 | |
| Listed by Re-Assurance Homes | |||
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Homeside Real Estate Solutions, LLC | $285,000 | |
| Listed by Homeside Real Estate Solutions, LLC | |||
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This charming home is being sold "AS IS with no warranties or future repairs provided by the seller" needs repairs and updates .Perfect for investors looking for a fixer-upper.
some repairs that have been done:
New Roof -redeck new felt installed July of 2024
New gutters Aptil 2017
New range 2017
new fence 2017
new water heater 2015
new exterior water line installed 3/4 shut off value March 2025
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017