138 Oak Grove Dr
About This Property
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Feb 26, 2026 | In contract | - | |
| In contract | |||
| Feb 17, 2026 | Listed by Legacy Broker Group | $420,000 | |
| Listed by Legacy Broker Group | |||
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PRIME LOCATION | UPDATED | ADDITIONAL FLEX SPACE | AMAZING YARD Charming Tudor-style home located in the heart of Boerne, TX, positioned on a quiet cul-de-sac just minutes from historic Main Street and within highly regarded Boerne ISD. This beautifully updated 3-bedroom, 2-bath residence offers a rare combination of character, prime location, and proven income potential. The open living and dining area features a wood-burning fireplace, fresh interior paint, new flooring, and abundant natural light through energy-efficient double-pane windows. The functional layout provides seamless flow for everyday living and entertaining. The updated kitchen is appointed with granite countertops, tile backsplash, farmhouse sink, and stainless-steel appliances. A versatile flex space with private exterior entrance and dedicated HVAC system offers flexibility for a home office, fitness room, guest space, or creative studio. The fenced backyard includes a sprinkler system for easy maintenance, and a covered walkway connects to the two-car garage. Previously utilized as a successful long-term rental, this property presents an excellent opportunity for investors seeking an income-producing home in Boerne, as well as owner-occupants looking for a centrally located residence near downtown Boerne shopping, dining, top-rated schools, and local amenities. Move-in ready with strong investment appeal in one of Boerne's most desirable and walkable neighborhoods. Schedule your showing today. Main home is 1,120 +/- sq ft and additional heated and cooled flex space is 280 +/- sq ft.
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| Jan 9, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 24, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017