123 Carman Street
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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.
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 |
|---|---|---|---|
| Apr 28, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Listed by Signature Premier Properties | $524,900 | |
| Listed by Signature Premier Properties | |||
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Welcome to 123 Carman Street. This 3-bedroom, 1.5-bath Victorian, built in 1872, sits on over a quarter acre in the heart of Patchogue Village. With dramatic ceiling heights, new hardwood flooring, charming millwork, an oversized living room that flows into a formal dining room with stately pocket doors, and a large front porch complete with an inviting porch swing, this home offers a beautiful glimpse into its historic charm while leaving room for your personal touch.
Important updates include a gas conversion, two new cesspools installed in 2018, a roof taken down to the studs with full attic insulation completed in 2017, and a heating system replaced in 2010. The Healthy Basement system is equipped with a dehumidifier (2021), and a brand-new hot water heater was installed in 2025, adding to the home’s overall peace of mind.
Enjoy all that Village living has to offer — just moments from Patchogue’s vibrant Main Street, waterfront parks and marina, Fire Island ferries, the Patchogue Theatre, and an ever-growing selection of restaurants, cafes, and local shops.
Taxes are currently being grieved!
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| Apr 17, 2020 | Sold | ||
| Sold | |||
| Mar 10, 2020 | Sold | ||
| Sold | |||
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About Patchogue
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017