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1225 GAMBLE PLACE
About This Property
This impeccably preserved and thoughtfully updated 1920s Cape Cod style home offers the perfect blend of historic charm and modern functionality. Originally built in 1923, the main residence features 5 bedrooms, 3.5 bathrooms, and an enclosed Florida room, along with a formal dining room, butler's pantry, dedicated laundry space, and even a rare cellar beneath the home, something almost unheard of in this area.
This home offers the history so many buyers are searching for. Located just one block from the beach and minutes from the iconic Jackie Robinson Ballpark, the lifestyle and location are second to none.
Inside, timeless craftsmanship is on full display, from original hardwood floors and intricate millwork to solid wood doors, glass style doorknobs, cedar lined closets, and three beautifully integrated fireplaces. While rich in character, the home has been meticulously maintained and enhanced with key upgrades, including a newer HVAC system, offering both charm and peace of mind.
As you step through the foyer, you are welcomed by a spacious living room featuring a brick fireplace and French doors that open into a light filled sunroom with access to the paver driveway. On the opposite side, the formal dining room showcases an original built in china cabinet and flows seamlessly into the butler's pantry and kitchen.
The kitchen offers abundant cabinetry, a walk in pantry, and an open layout that connects to the laundry area and half bath, all leading out to an expansive deck. This outdoor space overlooks a semi inground concrete pool and private courtyard, creating an ideal setting for entertaining, relaxing, or enjoying Florida living year round.
The main level also features a flexible bedroom with an attached bath and its own fireplace, currently being used as a home office, making it perfect for remote work, guests, or multi generational living.
Upstairs, you will find a spacious primary suite, a beautifully renovated bathroom, and three additional bedrooms, including one with its own fireplace and two connected by a shared walkthrough bath.
Beyond the main home, a detached garage includes a licensed Additional Dwelling Unit, offering incredible flexibility for rental income, guests, or private living space. The lower level of the structure includes an additional laundry area and extra storage.
The exterior of the property is just as impressive, with a large paver driveway, lush landscaping, and mature plantings including magnolia trees, gardenias, and a charming jasmine covered entryway that creates a welcoming first impression.
This property has even been featured on the Circa Old Houses platform and includes its own dedicated website showcasing its rich history and documentation, a true testament to its significance and care over the years.
Homes like this simply cannot be replicated at this price point. Combining historic character, modern updates, income potential, and an unbeatable location, 1225 Gamble Place is truly one of a kind.
Schedule your private showing today and experience it for yourself.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017