1860 E STEPHENS Drive
About This Property
The chef's kitchen features custom solid wood cabinetry with pull-out shelves, granite countertops, double ovens, a center island with bar seating, and a sunny breakfast nook. The open floor plan flows into the inviting living room with a cozy fireplace.
Recent updates include fresh interior and exterior paint, new carpet, plantation shutters, and ceiling fans throughout. The private office is ideal for working from home, while the primary suite offers custom Classy Closets and an accessible walk-in shower.
Enjoy your own backyard retreat with professionally landscaped, low-maintenance grounds, a resort-style pool with a Baja shelf and water features, and mature fruit-bearing trees. Additional highlights include a hot water recirculation system, security system, extensive built-in garage cabinetry, and a garage side door with direct backyard access.
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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 31, 2026 | Price Decreased |
$745,000
↓ $15K
(2%) | |
| Price Decreased | |||
| Jul 2, 2026 | Listed by Congress Realty, Inc. | $759,900 | |
| Listed by Congress Realty, Inc. | |||
| Jun 15, 2021 | Sold | ||
| Sold | |||
| Jun 12, 2021 | No longer available | - | |
| No longer available | |||
| May 27, 2021 | Listed by Congress Realty, Inc. | $600,000 | |
| Listed by Congress Realty, Inc. | |||
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About Tempe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017