40
Map
1889 County Road 487
About This Property
Escape to 10 acres of ag-exempt land featuring a beautifully finished barndominium plus an impressive workshop built for business, hobbies, or both.
The fenced 1,200 SF 2/1 barndominium welcomes you with high ceilings and stained concrete floors throughout the main living areas, with cozy carpet in the bedrooms. A charming sliding barn door leads to the bathroom, complete with dual vanities and a walk-in shower. The galley-style kitchen is equipped with stainless steel appliances, and a dedicated laundry room adds everyday convenience. The attached 600 SF garage offers front and back roll-up doors for easy drive-through access, plus an RV hookup and a transfer switch pre-wired for generator backup during power outages.
North of the home sits a 3,200 SF foam-insulated metal building, currently used as a welding workshop - ideal for a business, shop, or storage. This building includes a private office, a separate bathroom, and a break area for added functionality. A 20x20 covered storage area is attached to the rear, sheltered beneath the back canopy. Additional covered space includes 1,600 SF of canopy in front and 1,600 SF of canopy in back, offering ample room for equipment, vehicles, or materials protected from the elements. A second 50-amp RV outlet is conveniently located adjacent to the workshop.
Whether you're looking for a private homestead, a work-from-home setup, or space to run a business, this property delivers versatility, comfort, and room to grow.
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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 27, 2026 | Listed by Watters International Realty | $785,000 | |
| Listed by Watters International Realty | |||
| Jun 15, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 25, 2026 | Price Decreased |
$888,500
↓ $388
(0%) | |
| Price Decreased | |||
| May 15, 2025 | Price Decreased |
$888,888
↓ $11K
(1.2%) | |
| Price Decreased | |||
| Feb 7, 2025 | Listed by United Real Estate Austin | $900,000 | |
| Listed by United Real Estate Austin | |||
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Must see this Ag exempt 10 acre property. It features a fenced 1200 SF 2/1 barndominium with high ceilings and a huge 600 SF of garage with front and back roll up doors. Also has a RV hookup and transfer switch for generator hookup in case of power outage. This unit is currently under a signed leased agreement. North of barndominium is a 3200 SF foam insulated metal building currently used as a welding workshop. This building has an office room, a separate bathroom and break area. It also has a 20x20 attached covered storage to the rear of the building that is covered under back canopy. 1600 SF of Canopy space in front of building and 1600 Sf of Canopy space in back. Adjacent to the workshop is another 50amp outlet for and RV. Also, potential space for additional RV. Speak with agent for more information about infrastructure for other potential use. Showing by appointment only. 24 hours notice. Tenant in Barndominium.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017