48
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1509 WOODMAN AVENUE
About This Property
Step inside to a freshly painted interior (2026) that immediately feels bright and inviting. The expansive living room flows seamlessly into the dining area, creating an ideal layout for both everyday living and entertaining. From here, step out to the screened porch, a wonderful extension of the home that overlooks the fully fenced backyard, perfect for relaxing or hosting gatherings.
The kitchen is conveniently located on the main level, and beautiful hardwood floors run throughout both the main and upper levels, adding warmth and continuity to the home.
Upstairs, you will find three generously sized bedrooms, each with hardwood flooring and ample closet space, along with a spacious full bathroom that serves the upper level.
The lower level offers a light-filled family room and a 2nd full bathroom, providing additional living space for movie nights, a home office, or play area. This level also includes access to the laundry and storage area, adding to the home's functionality. Additional highlights include a roof installed in 2017.
Enjoy an unbeatable location with easy access to everything you need. This home is within walking distance to the neighborhood Farmer's Market at Getty Park, open on weekends from May through November. Commuters will appreciate being just a 6 minute drive or approximately a 20 minute walk to the Forest Glen Metro station, along with a quick 6 minute drive to I 495.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Relisted | $589,000 | |
| Relisted | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by RLAH @properties | $589,000 | |
| Listed by RLAH @properties | |||
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About Forest Glen
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017