1518 Dean Road
About This Property
Discover the perfect blend of privacy and potential at 1518 Dean Rd. This sprawling 13+ acre tract offers a harmonious mix of cleared pasture and mature hardwoods, providing a picturesque backdrop for your dream estate or hobby farm.
Zoned Agricultural, this property is a rare ''plug-and-play'' opportunity for builders and homesteaders alike. Most of the heavy lifting is already done: the site features an existing well, power on-site, and functional outbuildings for immediate storage or workshop use.
Looking to expand? The seller has already secured a preliminary soil report confirming two additional septic sites, each tested for a 4-bedroom home. This makes the property an ideal candidate for a multi-generational family compound or a future subdivision (subject to county approval). Located just minutes from historic downtown Oxford and offering an easy commute to Durham and the Research Triangle Park, you can enjoy the serenity of country living without sacrificing convenience. Bring your horses, your blueprints, and your vision!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Keller Williams Elite Realty | $150,000 | |
| Listed by Keller Williams Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017