135 Park Ave
About This Property
This 3-bedroom, 1-bath home in downtown Salida blends early 1900s character with solid bones and untapped potential. Situated on a 7,000+ square foot lot, the single-level layout offers 1,396 square feet of living space, including a sunny breakfast nook, tall ceilings, and large picture windows that flood the home with natural light.
The layout features a front living room, open dining area, and a galley kitchen with ample cabinet space. The bathroom is currently located inside one of the bedrooms, but the large walk-in pantry offers a great opportunity to add a second bathroom or laundry room. The home includes forced air heat, ceiling fans, hardwood flooring, and newer carpet in the living area.
Outside, enjoy a cozy front porch with a direct view of S Mountain, a composite back deck, a sprinkler system, and a nicely manicured lawn. The private backyard provides room to relax or expand. A 960 square foot, three-bay garage/storage with alley access offers space for vehicles, a workshop, gear, or a future ADU conversion.
Located just blocks from downtown, you'll have easy access to restaurants, parks, schools, and the Arkansas River. This home is move-in ready, full of charm, and primed for your personal touch.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2025 | Price Decreased |
$659,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Aug 9, 2025 | Price Decreased |
$669,000
↓ $30K
(4.3%) | |
| Price Decreased | |||
| Jul 2, 2025 | Relisted | $699,000 | |
| Relisted | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 7, 2025 | Listed by Century 21 Community First | $699,000 | |
| Listed by Century 21 Community First | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017