1944 Fairfield Drive
About This Property
Move right in and enjoy the Five Points lifestyle. This beautifully updated home sits in the heart of it all, blending a clean, modern interior with the timeless character of a historic neighborhood.
Everyday living is effortless. Walk to local favorites like Lilly's Pizza, Bright Spot Donuts, or Neuse River Brewing, explore the Fred Fletcher Park trails, or head downtown in just five minutes. From the Village District to the charm of Five Points, everything you need is close by.
Inside, the home features a bright, sun-filled open-concept living space with recessed lighting, Luxury Vinyl Plank flooring, and abundant energy efficient windows to help keep you nice and cozy any time of the year. The well-appointed kitchen offers updated custom cabinetry, granite countertops, and stainless steel appliances, while French doors off the dining area open to a deck for easy indoor-outdoor living.
Bathrooms have been tastefully updated with the owner's ensuite featuring a spa-like tiled enclosed shower. Major system improvements, including an updated HVAC system new roof and electrical upgrades, provide comfort and peace of mind for the next homeowner.
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Cap Rate Calculator
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 7, 2026 | Sold | ||
| Sold | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Price Decreased |
$499,500
↓ $36K
(6.7%) | |
| Price Decreased | |||
| May 1, 2026 | Price Decreased |
$535,500
↓ $14K
(2.6%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$549,500
↓ $20K
(3.6%) | |
| Price Decreased | |||
Property Highlights
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About University
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017