18 Continental Road
About This Property
The Location Is Unbeatable! You're just a short drive from the Historic Village of Warwick, one of the region's most beloved destinations-think charming boutiques, a lively farmers market, farm-to-table restaurants, and a Park & Ride for an easy commute into NYC. Outdoor lovers will be spoiled for choice with nearby parks, disc golf courses, award-winning wineries, hiking trails, and ski slopes all within reach.
This is an As-Is sale-the home needs full rehab, and the seller is not making any warranties or representations about its condition. Septic status is unknown. Because of the property's condition, it will not qualify for a traditional mortgage, so the seller is prioritizing cash buyers over those seeking rehab financing. There will be no contingencies for municipal approvals.
Whether you're an investor, a contractor, or someone with the skills and vision to bring a home back to life, this is a rare opportunity to own significant acreage in one of the Hudson Valley's most desirable towns-at a price point that leaves room for your renovation dreams. All offers must be submitted in writing and accompanied by proof of funds.
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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 16, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Listed by Howard Hanna Rand Realty | $299,000 | |
| Listed by Howard Hanna Rand Realty | |||
| May 1, 1997 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017