1415 Tamarack Lane
About This Property
Check out this 6 ACRE property zoned CRR! Commercial/Residential/Resort zoning allows endless opportunity with this property! Income potential such as Boat & RV storage, additional housing or just enjoy all the open space with panoramic views! Additionally this property features a 2528 square foot Tri-level home with 3 bedrooms, 2 bathrooms, spacious cozy sunken living room, wood burning fireplace, enclosed sunroom, laundry room, workshop and Family room/game room. Property has a private well with water rights. Plenty of space to build your dream garage, pool, have horses, chickens, gardens and so much more!! Just off Needles Hwy you can go off-roading right out your front door & walking distance to the river! Come check it for yourself! Additional adjacent 5 acres for sale as well.
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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 |
|---|---|---|---|
| Sep 6, 2026 | Price Decreased |
$299,000
↓ $50K
(14.3%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$349,000
↓ $50K
(12.5%) | |
| Price Decreased | |||
| Dec 10, 2025 | Listed by River Sisters Realty | $399,000 | |
| Listed by River Sisters Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017