216 Fortune Street
About This Property
Listed By
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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 14, 2026 | Listed by EG Realty | $89,999 | |
| Listed by EG Realty | |||
| Apr 7, 2026 | No longer available | - | |
| No longer available | |||
| Jan 20, 2026 | Price Decreased |
$95,000
↓ $10K
(9.5%) | |
| Price Decreased | |||
| Jan 6, 2026 | Listed by CENTURY 21 Judge Fite Company | $105,000 | |
| Listed by CENTURY 21 Judge Fite Company | |||
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Calling all investors and value-add buyers. This unique opportunity includes two side-by-side lots in Marlin totaling approximately 0.65 acres, allowing for residential or commercial use and offering multiple development and income strategies. The main residence at 216 Fortune St spans over 2,300 square feet and features 4 bedrooms, 1.5 baths, two kitchens, multiple living areas, a laundry room, and attic space, providing flexibility for renovation, reconfiguration, or future income use. Located on the adjoining lot are two additional structures believed to have previously been utilized as 1-bedroom homes. These structures are in need of rehabilitation but offer even more upside for investors seeking multiple structures and potential income streams, whether residential, commercial, or a combination of both. The overall layout, lot size, and multi-structure setup create strong potential for redevelopment, rental income, or mixed-use possibilities.
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| Mar 4, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017