1518 Colonial Gorge Drive
About This Property
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| May 1, 2026 | Listed by City Choice Realty | $329,900 | |
| Listed by City Choice Realty | |||
| Oct 14, 2025 | No longer available | - | |
| No longer available | |||
| Oct 11, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 10, 2025 | Listed by Compass RE Texas, LLC - Houston | $339,700 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Presenting City Choice Homes’ newest community in one of the most desirable zip codes-Colonial Heights. At 1518 Colonial Gorge Drive, this refined two-story home offers 3 bedrooms, 2.5 baths + a study/flex space, all near premier dining, shopping & entertainment. The first floor features soaring 10’ ceilings, beautiful wide-plank Swiss flooring & French doors opening to a massive private yard. The gourmet kitchen boasts quartz countertops, shaker cabinetry, a spacious eat-in island complete w premium appliances throughout including refrigerator. Upstairs, find the centrally located utility room complete with washer and dryer for optimal convenience. The luxurious Owner’s Suite offers tray ceilings, dual vanities, glass-enclosed shower, freestanding soaking tub and two massive walk-in closets with built-ins. Secondary bedrooms feature walk-in closets and adjoining bath w tub/shower combo. Craftsmanship and quality are unmatched. Ask about Year End 4.99% fixed interest rates specials!
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$1,265 /mo
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$1,265 /mo
- 2 Beds
- 1 Bath
- 750 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017