18 HOPE Street
About This Property
Located in the heart of Historic St. Augustine, this charming 3 bed, 2 bath bungalow offers a rare opportunity for both personal enjoyment and serious investment. Just a short stroll to the city's best shops, restaurants, and attractions, this is exactly where travelers want to be.
The layout provides a unique opportunity: With a little vision and renovation, this home can be transformed into two separate units-a 2 bed, 1 bath space downstairs and a 1 bed, 1 bath with an office upstairs. Live in one, rent the other, or maximize your returns by offering two Airbnb listings under one roof.
Whether you're a seasoned investor or first-time host, the potential for short-term rental income is undeniable. And here's the kicker-this home is one of three neighboring properties available. Purchase one, two, or all three to create a rare Airbnb compound in a walkable, high-demand tourism zone. A little work will go a long way in unlocking both equity and income. Don't miss this opportunity to own a piece of the nation's oldest cityand turn it into something truly special.
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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 16, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Relisted | $495,000 | |
| Relisted | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Aug 3, 2025 | Relisted | $495,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017