1706 Wallace Street
About This Property
This is what happens when a 1960s home ages well and gets the updates it deserves. A welcoming entry sets the tone with peg-and-plank hardwoods and a statement light fixture that create an immediate sense of character.
Original heart pine floors ground the kitchen, now upgraded with quartz countertops, an induction range, and double wall ovens--because charm is great, but function matters. The island, set under new lighting, conveys--adding both workspace and gathering space.
Fresh paint inside and out, updated baths, and a reworked primary vanity with an on-trend arch detail keep things current without feeling trendy. The formal living room (or ideal office) features a gorgeous fireplace, built-ins, and cabinetry--equal parts showpiece and usable space.
The brick courtyard out back, complete with new retaining walls, is a whole moment--private, established, and surrounded by mature landscaping, including blooming dogwoods and a producing fig tree. Up front, a new hardscaped sitting area overlooks a fully reimagined yard with native landscaping--designed to look good without demanding your weekends.
A large flex space could serve as a fifth bedroom, second office, or home gym. Plus, the detached two-car garage provides space for storage, projects, and built-in pollen protection.
Highly sought-after and quiet location between Lakewood and Forest Hills--right where you want to be.
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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 |
|---|---|---|---|
| May 5, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Apr 10, 2026 | Listed by Nest Realty of the Triangle | $860,000 | |
| Listed by Nest Realty of the Triangle | |||
| Oct 12, 2022 | Sold | ||
| Sold | |||
| Sep 6, 2022 | Listed by Nest Realty of the Triangle | $780,000 | |
| Listed by Nest Realty of the Triangle | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017