15101 Arlee Avenue
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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.
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 23, 2026 | Sold | ||
| Sold | |||
| Mar 27, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by KW Vision | $890,000 | |
| Listed by KW Vision | |||
| | |||
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Welcome to this beautifully remodeled home in the heart of Norwalk set on an expansive 8,900 square foot lot, among the largest in the neighborhood. The main residence offers 3 bedrooms and 2 bathrooms with a thoughtfully designed open concept layout and a fully remodeled kitchen featuring modern finishes. Interior improvements include new tile flooring throughout, two remodeled bathrooms, a separate laundry room, and an oversized primary bedroom designed for comfort and privacy. Additional upgrades include solar panels, a tankless water heater, water softener, and a new garage door. The true centerpiece of the property is the remarkable backyard retreat. Rare for the area, the oversized lot creates an exceptional sense of space and privacy, thoughtfully designed for both relaxation and entertaining. A newly replastered pool with a new filter anchors the outdoor setting, complemented by an expansive custom covered patio with integrated lighting that extends the living space outdoors. The outdoor entertaining area features a built in grill with refrigerator and is surrounded by generous bar seating, creating a natural gathering place for family and guests. A custom fire pit and beautifully designed patio areas complete this inviting outdoor environment. Adding further versatility, the property includes a detached pool house with its own bedroom and bathroom, ideal for guests, extended family, or private workspace. Alley access provides additional convenience and functionality. Properties offering this level of outdoor living space and lot size are rarely available, making this a truly special opportunity in Norwalk.
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| Nov 7, 2017 | Sold | ||
| Sold | |||
| Sep 20, 2017 | Listed by C-21 Astro | $427,000 | |
| Listed by C-21 Astro | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017