174 Horseshoe Road
About This Property
Located just minutes from the heart of Millbrook, this 2,264 sq ft raised ranch on 1.21 acres presents an exciting opportunity for buyers seeking space, functionality, and an opportunity for sweat equity. With a functional layout, hardwood floors, a partially finished basement and a two-car garage, this home is well-positioned for full-time living with room to grow. Enjoy daily life with the convenience of a rear deck, space for gardening or play, and a peaceful country road just a short drive from village amenities, schools, and commuter routes. Essential updates have already been completed, including a new HVAC system, updated plumbing, and a new well pump-all within the last few years. The home is being sold as-is, with a generous $25,000 seller concession to help offset updates and improvements. Whether you're a first-time buyer ready to invest in your future or someone seeking a practical home with upside, 174 Horseshoe Rd offers the square footage, location, and potential to make it your own.
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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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Listed by Legacy Land & Homes LLC | $450,000 | |
| Listed by Legacy Land & Homes LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017