1602 Marion Drive
About This Property
Nestled on a peaceful, quiet street, this delightful 2-bedroom, 1-bath home offers a perfect blend of vintage charm and contemporary upgrades. Situated on a generous, larger-than-average lot, this property provides ample space for outdoor enjoyment, gardening, or future expansion. The home has undergone thoughtful remodel work, featuring refreshed interiors that enhance its cozy appeal while maintaining its classic character.
Key highlights include a convenient carport for covered parking and a standout exterior storage shed equipped with power-ideal for a workshop, hobby space, or additional storage needs. Whether you're a first-time buyer, downsizing, or seeking a unique property with room to grow, this home offers endless possibilities in a serene setting. Don't miss your chance to own this gem with both comfort and potential.
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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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$200,000
↓ $15K
(7%) | |
| Price Decreased | |||
| May 19, 2025 | Relisted | $215,000 | |
| Relisted | |||
| Mar 27, 2025 | Listed by Hart of Texas | $215,000 | |
| Listed by Hart of Texas | |||
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20883510
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017