32
Map
1602 40th Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 2, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 20, 2026 | Price Decreased |
$380,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Mar 3, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 2, 2026 | Listed by Keller Williams Signature | $385,000 | |
| Listed by Keller Williams Signature | |||
| Dec 12, 2025 | Listed by Keller Williams Signature | $430,000 | |
| Listed by Keller Williams Signature | |||
| | |||
|
Fall in love with this fully renovated 1920s beach cottage in Midtown Galveston, where timeless character meets modern comfort. All furniture/decor available for purchase for immediate vacation rental readiness. Just minutes from the beach & a short walk from Galveston’s iconic Gaido’s Restaurant, this location is ideal for coastal living & fun in the sun. Lovingly restored, the home features beautiful original wood ceilings that add warmth & authentic charm. The open-concept kitchen is completely updated with Calacatta Gold quartz countertops, stainless steel appliances, & soft-close cabinets/drawers. Additional upgrades include recessed lighting, luxury vinyl plank flooring, ceiling fans, a 14 SEER HVAC system, electrical & plumbing, & beautifully renovated bathrooms. Enjoy relaxing on the welcoming front porch or unwinding in the hot tub after a day at the beach. The one-car garage offers covered parking plus extra storage for beach gear. This is truly a must-see coastal retreat!
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017