16400 FORREST ROAD
About This Property
The main level is full of space and flows beautifully. A formal living room, a formal dining room with custom built-ins set an elegant tone from the moment you step inside. Hardwood floors run throughout, adding warmth and character to every room. The recently renovated kitchen impresses with an abundance of cabinet space, new countertops, and new flooring creating a functional, beautiful heart of the home. Two bedrooms on the main floor provide flexibility for guests, in-laws, or a home office, with a full bathroom serving this level. A dedicated laundry room sits conveniently off of the porch. And that porch? 740 square feet of fully air-conditioned four seasons space, simply a showstopper. Additional room perfect for an office or craft area off of the living room.
Head upstairs to find two large bedrooms, one featuring a charming dormer closet: characteristic of a true Cape Cod. The primary suite is its own private world, complete with a balcony where you can step out, enjoy a cup of coffee and breathe in the morning air. A full bath serves the upper level, and hardwood floors continued through the bedrooms
The fully finished basement is a home within a home. A complete second kitchen, a full bathroom, and a sprawling recreation space make this level ideal for extended family, long-term guests, rental potential, or the ultimate entertainment zone. The possibilities down here are genuinely endless.
Outside, the property continues to impress. A side entry two-car garage with recently replaced garage doors handles your vehicles with ease, while a large detached building with its own upstairs loft offers incredible bonus space; workshop/storage. The backyard is fully fenced for privacy, and the landscaping throughout the property is immaculate, the kind that turns heads on a drive-by.
Walking distance to Dahlgren Naval Base, 5 minutes from Harry Nice Bridge, and 2 minutes from the marina!
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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 12, 2026 | Sold | ||
| Sold | |||
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| Jun 25, 2026 | Relisted | $469,900 | |
| Relisted | |||
| Jun 15, 2026 | In contract | - | |
| In contract | |||
| Jun 11, 2026 | Listed by Long & Foster Real Estate, Inc. | $469,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Dahlgren
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017