121 Gilbert Drive
About This Property
Situated on two lots in a convenient in-town location, this home features an inviting open floor plan and a refreshed kitchen with updated cabinets, countertops, and appliances. Step outside to the covered back patio, perfect for morning coffee, evening relaxation, or gathering with family and friends.
Whether you're looking for a weekend lake retreat, a full-time residence, your first home, or an investment opportunity, this property has plenty to offer! Enjoy being close to the lake, marina, shopping, dining, and everything Eufaula has to offer. Affordable, move-in ready, and conveniently located near Lake Eufaula-come see the possibilities!
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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 10, 2026 | Listed by Hodges & Fried Real Estate LLC | $194,500 | |
| Listed by Hodges & Fried Real Estate LLC | |||
| Mar 10, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 21, 2026 | Price Decreased |
$185,000
↓ $15K
(7.5%) | |
| Price Decreased | |||
| Feb 6, 2026 | Listed by Black Label Realty | $200,000 | |
| Listed by Black Label Realty | |||
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Charming home located in a quiet, established neighborhood in Eufaula. Conveniently situated near downtown, schools, shopping, and dining, with easy access to Lake Eufaula for fishing, boating, and outdoor recreation. This property offers a great opportunity for a primary residence, weekend getaway, or investment. Enjoy small-town living with nearby amenities and lake life just minutes away. Schedule your showing today!
New AC unit
New windows
Chimney realigned (2023)
| |||
| May 3, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017