1383 PLEASANT VALLEY
About This Property
Welcome to an exceptional building opportunity at 1383 Pleasant Valley Road. Priced aggressively at $119,000, this lot offers incredible flexibility for your next investment, backed by significant built-in cost savings.
The Infrastructure Advantage
The most valuable asset of this property is the existing, active utility infrastructure. The current ownership has continuously maintained the public water and sewer bills, keeping the taps fully active. This provides a massive financial head start for the new owner:
Zero Impact Fees: Bypass the standard county water and sewer impact fees, yielding an immediate savings of approximately $19,000.
Ready to Build: Avoid the costly, time-consuming process of digging up the road and trenching new utility hookups, saving an estimated $40,000 or more in site preparation.
Flexible Configuration - This property has an off conveyance as well, Zoned C-1, this property is incredibly versatile and primed for redevelopment. Previous site plans and zoning allowances indicate the potential to build either two single-family homes or two duplexes. This 4-unit potential provides excellent flexibility for developers building a rental portfolio or investors seeking immediate cash flow after conversion.
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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 |
|---|---|---|---|
| Oct 27, 2026 | Listed by RE/MAX Advantage Realty | $119,000 | |
| Listed by RE/MAX Advantage Realty | |||
| Oct 16, 2024 | Price Decreased |
$149,900
↓ $9K
(5.7%) | |
| Price Decreased | |||
| Nov 13, 2023 | Listed | $159,000 | |
| Listed | |||
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POSSIBLE OFF CONVEYANCE - Permit Ready - Single Family Or Duplex - Water and Sewer In Place - The Property Burnt Down Several Years Ago, The Public Water And Public Sewer Infrastructure Was Never Abandoned, The Owners Continue To Pay The Water and Sewer Bill. Therefore NO Tap fees etc. for hook ups! $$$$ A Savings Of Over $30,000!! $$$$$ You Don’t Have To Tap In, Dig Up The Road Or Anything, Just Tie In To The Existing Lines. This Lot is NOT within city limits, it is a small enclave in the County which has public water/sewer infrastructure, Seller Financing Available - Call Today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017