20
Map
1610 Preston Ave
About This Property
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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 |
|---|---|---|---|
| Mar 14, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 14, 2025 | Listed by AustinRealEstate.com | $4,300,000 | |
| Listed by AustinRealEstate.com | |||
| Jul 21, 2023 | Listed by Austintatious512 | $1,300,000 | |
| Listed by Austintatious512 | |||
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Potential abounds with this investor/developer opportunity for the cash buyer. Selling as-is! Welcome to this timeless and well-located property, offering a harmonious blend of convenience and comfort, situated alongside a tranquil tree-lined street with a lot just under 1/4 acre in size. Pemberton Heights is immersed in old Austin, making the location truly shine, with its proximity to downtown providing easy access to a vibrant city life brimming with restaurants, entertainment venues and cultural attractions. One of the best streets in the area with neighboring higher-end homes and renovations. Could be a tear down with your imagination being the only limit. Or the investor minded could take advantage of the ADU potential for a terrific income stream. All documents on file for ease of close. This is an estate. Buyer and buyer agent must perform due diligence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017