16614 Ella Boulevard
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 |
|---|---|---|---|
| Sep 17, 2025 | Price Increased |
$1,750,000
↑ $633K
(56.7%) | |
| Price Increased | |||
| May 30, 2025 | Listed by Century 21 Olympian - Toke Properties | $1,117,000 | |
| Listed by Century 21 Olympian - Toke Properties | |||
| May 24, 2022 | Listed | $1,117,000 | |
| Listed | |||
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4+ Acres of Land Available (Yellow & Green Area). 3+ Acres (Yellow Usable Area), Located in the Heart of FM1960 for Commercial or Residential Use. Land situated directly across from a Highschool and Close to Long Term Assisted Living. Green Highlighted Area is Reserved for Butterfield Rd. Project forthcoming by Harris County. County Planning Intends to Install Traffic Light and Roads/Sidewalks on the Corner of Ella & Butterfield. Usable 3+ Acres is Ideal for Multifamily Residential Use. No Restrictions. Call with Questions!
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| Jun 10, 2021 | Sold | ||
| Sold | |||
| Jun 4, 2017 | Listed by Century 21 Olympian Fine Homes | $379,622 | |
| Listed by Century 21 Olympian Fine Homes | |||
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LIVE VIRTUAL TOUR AVAILABLE! Located in the heart of FM 1960 for commercial or residential use. Directly across from a school, close to a long term assisted living program. Ideal use -commercial space in front and housing in back. CONTACT US TO SCHEDULE A LIVE VIRTUAL TOUR!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017