1709 Faison Road
About This Property
This spacious 1-story home offers 3 bedrooms and 2.5 baths and is ready for its next chapter. Recent updates include full interior paint, new carpet, and a brand-new HVAC system, providing a solid foundation for future improvements. Enter through double doors into a light-filled living room, while the expansive kitchen with a central island sets the stage for gatherings and entertaining. Gorgeous paneling and built-in shelving throughout add character and warmth.
Below grade offers two recreation rooms (approx. 1,022 sq ft finished with a half bath and 1,189 sq ft partially finished); building permits were not issued for these areas.
While move-in ready, this property is being sold AS IS and is in need of additional updates to bring out its full potential. A fantastic opportunity for a new owner to reimagine and restore this stately home to its former glory.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 7, 2025 | Sold | ||
| Sold | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed by Offerpad Brokerage LLC | $699,900 | |
| Listed by Offerpad Brokerage LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017