12368 Mankato Road
About This Property
Discover the perfect opportunity to own nearly 2 acres of residential land in a peaceful and growing area. This spacious 1.99-acre lot offers endless possibilities--whether you're looking to build your dream home, create a private retreat, or invest in future development.
Surrounded by established properties and open space, the lot provides a great balance of privacy and accessibility. Convenient road access makes it easy to bring utilities and start building, while the generous size allows for custom home designs, outdoor living areas, workshops, or even a small orchard or garden.
Enjoy the tranquility of country-style living with the convenience of nearby roads connecting you to the city, schools, and local amenities.
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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 |
|---|---|---|---|
| Jul 1, 2026 | Sold | ||
| Sold | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Mar 30, 2026 | Listed by Sandra Luna & Associates | $220,000 | |
| Listed by Sandra Luna & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017