2029 8th Ave
About This Property
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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 |
|---|---|---|---|
| Jun 12, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Mar 22, 2025 | Price Decreased |
$400,000
↓ $50K
(11.1%) | |
| Price Decreased | |||
| Jan 12, 2025 | Price Decreased |
$450,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| Oct 3, 2024 | Listed | $465,000 | |
| Listed | |||
| | |||
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** INCOME PROPERTY OPPORTUNITY - Two Blocks from University of Northern Colorado ** 7 Bedrooms + 2 Baths Move-in Ready with Fresh Paint, Updated Flooring and Appliances ** Roomy front porch leads into an open and bright main living area, with hardwood flooring and a fireplace as focal point ** Built-in shelves provide storage, and a handy counter is ready for seating adjacent to the open Kitchen ** The Kitchen is equipped with newer appliances and a pantry cabinet, ready for meal preparation ** There are two Bedrooms on this level, each with closet, windows, ceiling fan and hardwood floors ** In the garden level basement, there are five additional bedrooms with an additional shared bathroom ** Stacked washer/dryer (2023) conveniently located in the basement bathroom ** Ample parking is available in the lot in back of the home, and the front porch is perfect for morning coffee or afternoon relaxing ** Recent updates include New Windows (2023), New LVT Flooring, Ceiling Fans (2023) **Set your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017