1211 W 2nd Street
About This Property
Single-story home offering 1,184 sqft on a 7,000 sqft lot in Freeport's historic Velasco district, minutes from the Old Brazos River, Bryan Beach, and Gulf access. Two bedrooms open to a bright, generous living space - one big open plan with room to gather, work from home, and spread out. Built in 1942 and updated in recent years, the home lives all on one level with no stairs, electric central heat and air, and a composition roof over solid concrete block construction. A garage plus the oversized lot leave room for parking, a boat or trailer, a workshop, or a garden - a genuine perk in a coastal town.
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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 |
|---|---|---|---|
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Jul 12, 2026 | Listed by Deal Smith Realty LLC | $140,000 | |
| Listed by Deal Smith Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017