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1808 Fairley Drive
About This Property
Channel your inner Mad Men in this true mid-century modern ranch where timeless design meets an unbeatable location. Featuring classic post-and-beam construction, exposed wood beams, soaring ceilings, and an open-flow layout, this well-maintained home delivers the architectural character today's buyers search for but rarely find.
The original kitchen embraces the sleek, functional, and utilitarian principles that defined mid-century modern design, showcasing flat-front slab cabinetry, warm wood grains, and clean lines that feel as relevant today as they did in the era of the timeless Audrey Hepburn. Original Danish, Scandinavian, and German mid-century light fixtures are thoughtfully preserved throughout the home, adding authentic vintage charm.
The spacious main living area centers around a wood-burning fireplace, while a secondary flex living space offers a second wood-burning fireplace and additional room to gather, relax, or entertain with subtle 1960s flair. The home features 3 generously sized bedrooms and 2 full bathrooms, offering comfortable everyday living with enduring style. Closet built-ins in all the bedrooms further highlight its thoughtful design and functionality.
The partially finished daylight basement adds flexibility with a partially functional bathroom, additional unfinished rec space, and a separate area that could potentially be completed as an additional bedroom, studio, office, or bonus space. Situated on a private 0.61-acre lot, the property offers room to spread out while remaining incredibly convenient. Entertain from the oversize deck stretching across the backside of the home.
Located between Hillsborough Street and Wade Avenue/I-40, this home is just 5 minutes from Lenovo Center and Carter-Finley Stadium, bikeable to the SAS Institute campus, and offers the added benefits of no city taxes and no HOA. Pack your Eames chairs and get ready to call 1808 Fairley Dr home.
Medfield Swim Club membership optional.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017