2119 Rabb RD
About This Property
The main house features a massive primary suite on the main level. The chef's kitchen is a dream-plenty of prep space, custom cabinetry, and room for entertaining. The open floor plan flows seamlessly into both indoor and outdoor living areas, including an awesome front porch and a back yard detached screened-in porch, perfect for year-round lounging under the shade of mature trees.
Designed for everyday convenience and unique perks, the home includes a laundry room with a built-in dog washing station, a refrigerated beer and wine storeroom, and dual Kegerators with taps-ideal for home brewers or keeping cold brew and draft beer on tap. On the 3rd level, you'll find versatile space with views that are simply stunning, offering the kind of privacy and vistas rarely found this close to the city center. There is potential for a separate entrance and room to add a kitchenette on the third floor-making it easy to convert into a private, income-producing garage apartment or Airbnb rental. Some current furnishings are available. The fully fenced backyard is both spacious and private, ideal for pets, gatherings, or quiet relaxation. This is more than just a home-it's a flexible and inspiring property ready to meet your needs today, while offering room to grow tomorrow.
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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 22, 2025 | In contract | - | |
| In contract | |||
| Jul 12, 2025 | Price Decreased |
$1,595,000
↓ $100K
(5.9%) | |
| Price Decreased | |||
| Jun 20, 2025 | Listed by Zilker Properties of Austin | $1,695,000 | |
| Listed by Zilker Properties of Austin | |||
| Jul 10, 2024 | Withdrawn | - | |
| Withdrawn | |||
| May 24, 2024 | Price Decreased |
$1,895,000
↓ $100K
(5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017