179 STONEGATE DRIVE
About This Property
Turnkey Opportunity with a very reliable Tenant in Place! Start collecting rent income DAY ONE!
Don't miss this outstanding investment opportunity in the highly desirable Stonegate subdivision. This well-maintained traditional twin/semi-detached home offers immediate cash flow with a reliable tenant already in place through October 2027, providing stable rental income from day one.
The home features approximately 1,180 square feet of finished living space with 3 bedrooms and 1.5 bathrooms. Situated on a premium corner lot, the property offers excellent professionally done curb appeal, a welcoming front yard, and a fully fenced rear yard backing to a common area for added privacy and outdoor enjoyment.
An oversized private concrete driveway with parking for up to six vehicles-a rare and highly desirable amenity that adds significant value for tenants and future homeowners alike.
Start earning income immediately with a tenant already in place through October 2027-an exceptional turnkey investment you won't want to miss!
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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 |
|---|---|---|---|
| Jul 14, 2026 | Listed by Long & Foster Real Estate, Inc. | $319,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
| May 20, 2022 | Sold | ||
| Sold | |||
| Dec 18, 2019 | No longer available | - | |
| No longer available | |||
| Sep 18, 2019 | Sold | ||
| Sold | |||
| Jun 5, 2019 | Listed by Long & Foster Real Estate, Inc. | $179,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Stonegate
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017