1221 Pear
About This Property
acres. This property offers the perfect blend of comfort, space, and thoughtful updates, including newer vinyl windows, upgraded fiber
cement siding, fresh paint, pressure-treated lumber, and new gutter protection. The property also features a 2-car attached garage plus a
newer 2-car detached garage with a partially finished 660 sq. ft. possible ADU, complete with a bedroom, 10-foot ceilings, finished drywall,
insulation, sidewalks, patio, and driveway. The possibilities are endless for a guest suite, workspace, rental, or additional living space.
Outside, enjoy large shade trees, automatic irrigation, four large garden boxes, and a charming citrus and fruit orchard featuring
mandarins, lemon, grapefruit, naval orange, persimmon, pecan, and peach trees. Located on a corner lot and the last house on the
block, this peaceful property offers privacy and a wonderful sense of space while still being close to everything Corning has to offer. A
rare combination of charm, updates, usable outdoor space, multiple garages, and future potential. Come see everything this special
property has to offer!
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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 |
|---|---|---|---|
| Oct 14, 2026 | Price Decreased |
$370,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Sep 15, 2026 | Price Decreased |
$380,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by Re/Max American Dream Realty | $390,000 | |
| Listed by Re/Max American Dream Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017