18894 NW STATE ROAD 16
About This Property
Features buyers love:
• Generous outdoor space, fenced back yard
• Barn for storage, projects, or workspace
• Flexible primary suite with its own entrance (ideal for guests, home office, or private retreat)
Conveniently located between Jacksonville and Gainesville, offering country breathing room with quick access to both cities.
If you're someone who can see the potential behind great bones and a little sweat equity, this property may be exactly what you've been waiting for.
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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 |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by CW REALTY | $249,900 | |
| Listed by CW REALTY | |||
| Jan 22, 2026 | Price Decreased |
$245,000
↓ $5K
(2%) | |
| Price Decreased | |||
| Dec 9, 2025 | Price Decreased |
$249,900
↓ $15K
(5.7%) | |
| Price Decreased | |||
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Last Updated: 7 months ago
Data Source: Real MLS, MLS# 2133466
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017