18 School Street
About This Property
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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 15, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Listed by Jim Campbell Real Estate | $329,000 | |
| Listed by Jim Campbell Real Estate | |||
| Feb 17, 2022 | Sold | ||
| Sold | |||
| Nov 26, 2021 | Listed by Century 21 Farm & Forest | $275,000 | |
| Listed by Century 21 Farm & Forest | |||
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Looks can be deceiving, and this home offers much more living space than it seems at first glance. Located on .44 acre in Newport Center, this bi-level home features an open layout in the main living area. The U-shaped kitchen provides plenty of storage and counter space, as well as counter-height seating, and newer appliances. Step through the double doors onto the new 12x30’deck for barbecues or just relaxing on a warm summer night. A spacious bedroom with double closets on this level has direct access to the updated ¾ bath with washer and dryer. The main level features a mini-split for air conditioning. In the walk-out lower level you’ll have 1,082 square feet of finished living space, including a family room, 2 bedrooms and ¾ bath. Exterior maintenance is simplified with vinyl siding and metal roof with snow-guard. The shop/garage measures 40x60’ with an oversized door so you can fit most any vehicle and all your toys inside. A wood furnace with propane backup keeps you warm while you tinker, and there’s also a ½ bath. From here it’s just .2 mile to the elementary school, and 10 minutes to downtown Newport for numerous shopping and dining options, Lake Memphremagog, and the Recreation Path. In the other direction, a 15-mile drive takes you to Jay Peak Resort for skiing, golfing, indoor water park and more! You also have access to the VAST snowmobile trail. Step inside with the virtual tour and see how easy it is to picture yourself in this home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017