15304 THOROUGHFARE ROAD
About This Property
The home features a spacious family room, an expanded kitchen, and a generously sized primary bedroom. Both bathrooms have been tastefully updated, and you'll find two inviting decks perfect for outdoor entertaining or relaxing in nature. Recent upgrades include new siding and windows (2024) with a transferable lifetime warranty, and the roof on the house is less than 10 years old. The garage roof and siding was replaced this year, and new garage doors are being installed.
With public sewer and access to public water, this lot presents an exceptional opportunity-whether you plan to renovate the existing home or build your dream estate. Enjoy the quiet surroundings without sacrificing proximity to major commuter routes and all the amenities Gainesville has to offer. No HOA. Come explore the potential of this one-of-a-kind property! Lot can be subdivided.
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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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 27, 2025 | In contract | - | |
| In contract | |||
| Jun 12, 2025 | Price Decreased |
$865,000
↓ $84K
(8.9%) | |
| Price Decreased | |||
| May 31, 2025 | Price Decreased |
$949,000
↓ $51K
(5.1%) | |
| Price Decreased | |||
| May 22, 2025 | Listed by Re/Max Roots | $999,990 | |
| Listed by Re/Max Roots | |||
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About Gainesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017