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1178 MURRAY Drive
About This Property
Step inside the main home to find a bright and inviting interior, highlighted by a charming bay window that fills the space with natural light. Thoughtfully updated throughout, the home showcases stylish, modern finishes that create a fresh and welcoming atmosphere.
Outdoors, enjoy a spacious, fully fenced backyard designed for privacy and versatility. There's even the option to easily separate the yard for the main home and ADU. With two covered patios for the main residence and an additional covered patio for the ADU, you'll have plenty of space to relax or entertain year-round. Perfectly positioned on a desirable street directly across from a tranquil park, this property offers the ideal blend of peaceful surroundings and vibrant living.
Investment opportunity: Both units are fully renovated and primed for strong rental income, making this a standout option for investors seeking near 1% rule potential.
Enjoy true peace of mind with major system updates completed across both the main home and detached ADU. The ADU offers all-new major systems & finishes. Both residences feature brand-new kitchen and laundry appliances. The main home has been thoughtfully upgraded with a new water heater, new HVAC system, updated windows, a 2022 roof, and refreshed electrical and plumbing--providing modern comfort and long-term reliability.
*1% CREDIT TOWARDS CLOSING/BUYER RATE BUY DOWN AVAILABLE w/PREFERRED LENDER!*
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$279,900
↓ $10K
(3.5%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$290,000
↓ $9K
(3%) | |
| Price Decreased | |||
| Apr 7, 2026 | Listed by NOMAD REALTY | $299,000 | |
| Listed by NOMAD REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017