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1217 WALNUT Street
About This Property
This turnkey property offers income potential with the flexibility of a private residence or second home. Originally built in 1913 and fully rehabbed in 2024. A renovated Dutch Colonial Revival blending historic charm with modern amenities. Featuring 4 bedrooms, 2.5 baths, a gourmet kitchen with gas stove & high-end granite countertops, & front porch. This home offers timeless character & today's comforts.
An old charm with a new: roof, electrical, plumbing, HVAC, gas water heater, appliances, kitchen cabinets, bathrooms, paint, flooring, windows, etc. The fenced backyard provides entertaining space and parking. Approved plans are available for a 450 sq ft 1-bedroom casita/ADU.
Currently operating as a successful Airbnb, this property offers income potential for investors as well!
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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%.
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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.
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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 12, 2026 | Listed by ARTEMIS MANAGEMENT COMPANY | $515,000 | |
| Listed by ARTEMIS MANAGEMENT COMPANY | |||
| Feb 18, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 28, 2025 | Price Decreased |
$519,900
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jan 16, 2025 | Price Decreased |
$524,479
↓ $521
(0.1%) | |
| Price Decreased | |||
| Jan 1, 2025 | Listed by ARTEMIS MANAGEMENT COMPANY | $525,000 | |
| Listed by ARTEMIS MANAGEMENT COMPANY | |||
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Built in 1913 & COMPLETELY RENOVATED in 2024, the home combines HISTORIC charm & MODERN AMENITIES. Located in the highly sought-after Springfield Historic District & designated as a Local Landmark, this DUTCH COLONIAL REVIVAL has 4 bedrooms/2.5 baths. The GOURMET KITCHEN is a chef's dream, with a gas stove, wine fridge and exquisite granite counters. The inviting front porch with its original pillars, welcomes you to this stunning home. Renovations include roof, electrical, plumbing, HVAC, gas water heater, high-end appliances, kitchen cabinets, upstairs laundry & double closets in 3 rooms, . The luxurious bathrooms has top-tier finishes. The fenced backyard has ample space for entertaining & parking. The seller has approved plans for a 450 sq. ft. single-story casita (ADU) & can build it for $175 per sq. ft. Check out this rare opportunity to own a historic home that has been thoughtfully updated with the finest modern touches, all while preserving its timeless character.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017