1905 Wallace Street
About This Property
The exterior showcases classic colonial design principles, featuring six-over-one Marvin windows, charming shutters, window boxes, and a delightful arched roof overhang that creates undeniable curb appeal. Every detail was carefully chosen to blend into the historic neighborhood, complementing the natural beauty that surrounds the home.
Inside, the open floor plan connects the living, dining, and kitchen areas, making it easy to entertain and enjoy daily life. The site-finished hardwood floors add warmth throughout, complemented by a sophisticated palette of beige cabinetry, gold hardware, and a custom white oak dining table.
One of the home's most desirable features is the first-floor owner's suite, offering the convenience of single-level living. Two additional bedrooms and a second bathroom provide flexible space for guests, a home office, or a growing family.
Step outside and you'll find that the charm continues in a surprisingly generous fenced backyard. This outdoor space is perfect for quiet dinners, lively fall bonfires, or simply enjoying the peaceful sounds of nature. Whether you're tending a garden, hosting a party, or relaxing in your secluded haven, this backyard offers incredible value and flexibility.
1905 Wallace Street is more than just a house; it's a home thoughtfully designed with a sense of place and purpose. Come discover how smart design can make a smaller home feel substantial and perfectly suited for your next chapter.
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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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Aug 18, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by Nest Realty of the Triangle | $510,000 | |
| Listed by Nest Realty of the Triangle | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017