1536 Lowell Blvd
About This Property
Lowest price per finished square foot in Sloan's Lake by a mile: 2,484 finished SF at $282/SF. That's $150K-$300K below the neighborhood norm.
Flexible layout with three separate living zones, perfect for multi gen, roommate setups, mid term rental, or a turnkey house hack. Finished lower level suite with its own entrance.
Full 5,460 SF lot (G-MU-3 zoning), five off-street parking spots, alley access, and ADU potential. Only steps to Sloan's Lake, Edgewater, Perry Station, and the West Colfax corridor.
Seller is motivated and open to creative financing or rate buydowns for qualified buyers.
Vacant, easy to show, and priced to move.
Opportunities at $700K in this pocket do NOT last. Bring offers.
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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 |
|---|---|---|---|
| Nov 27, 2025 | Price Decreased |
$700,000
↓ $40K
(5.4%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$740,000
↓ $35K
(4.5%) | |
| Price Decreased | |||
| Oct 10, 2025 | Listed by Coldwell Banker Realty 14 | $775,000 | |
| Listed by Coldwell Banker Realty 14 | |||
| Oct 8, 2025 | No longer available | - | |
| No longer available | |||
| Jul 17, 2025 | Listed by NorthPeak Commercial Advisors, LLC | $770,000 | |
| Listed by NorthPeak Commercial Advisors, LLC | |||
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Charming and versatile single-family listing with duplex-style layout! Main level offers a spacious 3BD/2BA two-story unit, while the basement features a separate 1BD/1BA suite with private entrance. Ample off-street parking in front plus alley access in rear-with potential to add an ADU. Vacant and easy to show!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017