1531 W Avenue H4
About This Property
Welcome to this spacious Lancaster home featuring 5 bedrooms, 3 bathrooms, fully paid solar, and an expansive backyard.
Inside, a bright entry with soaring ceilings and a sweeping staircase welcomes you into a thoughtfully designed floor plan that blends comfort and functionality. The desirable floor plan includes a downstairs bedroom and full bathroom, ideal for guests, multigenerational living, or a private home office. A formal dining room creates an inviting space for entertaining, while the open-concept kitchen showcases a center island and overlooks the spacious family room, creating an ideal setting for everyday living and gatherings. A dedicated downstairs laundry room adds everyday convenience.
Upstairs, you'll find the remaining bedrooms, including a generously sized primary suite. The primary bedroom features a large walk-in closet, dual vanities, a soaking tub, and a separate walk-in shower, offering both comfort and functionality. A versatile bonus room provides endless possibilities as a media room, game room, home gym, or additional living space.
Outside, the backyard features a generous combination of patio and lawn space with plenty of room for entertaining, outdoor dining, or creating your own private retreat. Completing the home is a spacious three-car garage, offering ample parking and additional storage. With fully paid solar, a functional layout, and generous indoor and outdoor living spaces, this Lancaster home is ready to welcome its next owners.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Sold | ||
| Sold | |||
| Aug 21, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Listed by Real Brokerage Technologies, Inc. | $499,990 | |
| Listed by Real Brokerage Technologies, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017