12081 Chapman Drive
About This Property
And WOW-THE UPDATES!
Just 4 minutes south of the Loop in West Plains HS district.
The kitchen is open to the dining area and main living room, with beautiful granite counters and bar-top seating, a fireplace in the main living area, and French-style doors opening to the sunroom. (sunroom is additional space not included in the square footage total)
Multi-generational potential here - plenty of room to add a BARNDO or 2ND RESIDENCE on the acreage.
In case all of that's not enough... There's also a 12' x 30' INSULATED & COOLED OUTBUILDING that's perfect for a HOME GYM, STUDIO, or HOBBY ROOM - just steps from the main home.
Oh, and 30-AMP RV hookups already in place.
No HOA - No DEED RESTRICTIONS.
Horses & livestock welcome.
And UPDATES THAT MATTER!
- New water well, new pump & pressure tank (2024)
- New 5 TON HVAC + enlarged air return (2022)
- Updated electrical throughout + breaker box (2022)
- Replaced septic tank + extended drainage field (2022)
- Replaced sewer line from septic to house (2022)
- Replaced gas line (2022)
- Many newer windows throughout
- Updates in two bathrooms (2022)
- Energy efficient Milo attic insulation added (2022) + added exterior eave venting
- Added automatic electric attic vents (2022)
- Driveway replaced & roadside drainage improved
With this much space and this many meaningful upgrades already done, this is a RARE FIND.
Your land. Your future. Ready when you are.
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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 |
|---|---|---|---|
| May 11, 2026 | In contract | - | |
| In contract | |||
| May 2, 2026 | No longer available | - | |
| No longer available | |||
| May 2, 2026 | Listed by Fathom Realty LLC | $445,000 | |
| Listed by Fathom Realty LLC | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Relisted | $445,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017