1508 STUART ST
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Aug 11, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by COMPASS | $1,395,000 | |
| Listed by COMPASS | |||
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NOW TRANSPARENTLY PRICED! Two single-family homes on one lot: perfect for multi-generational living or generating rental income. The front home is a 3 bed / 2 bath bungalow with hardwood floors, updated windows, and a spacious primary suite with an attached bath. Tucked towards the rear of the lot, the second home, built in 1987, boasts 2 beds / 1 bath and a private deck and backyard. Both homes feature updated kitchens and baths. Owned solar panels offset electricity costs for both homes. The expansive backyard is a haven for outdoor living, offering a separate detached building ideal for an art studio or home office. Multiple seating areas for relaxing & entertaining. Located in South Berkeley, the property is minutes from restaurants, shops, public transit, and more. Walk Score of 83 and Bike Score of 91, BART, Berkeley Bowl, and multiple parks are easily accessible. Parking is convenient, with space for one car in the driveway and more behind the gate.
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| Sep 1, 2022 | No longer available | - | |
| No longer available | |||
| Aug 19, 2022 | Listed by THE GRUBB CO. INC. | $1,349,000 | |
| Listed by THE GRUBB CO. INC. | |||
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Marilyn D Garcia - 510-390-5406 - This hip urban compound is the ultimate in smart financial moves – two houses on one lot! Buy together with friends or family and live with people you love! Or, live in one house, and collect rent on the other! Front house has 3 bedrooms and 2 full baths, including the primary suite. Back house has 2 bedrooms, 1 bath, and a living room that opens to a private deck and yard space. Both houses have updated kitchens and baths, Nest thermostats, and their own in-house laundry! Both are ready to move in! Additional detached wood-paneled office or art studio. Generously-sized fenced lot with nice hang-out spaces. Solar panels (fully owned) provide electricity and offset meters to both houses. Great central Berkeley location, near BART and both Berkeley Bowls, with terrific parks just blocks away! Envision the possibilities now, and the flexibility for the future! The manager has listed the unit size as 1902 square feet.
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About South Berkeley
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017