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About This Property
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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 |
|---|---|---|---|
| Oct 22, 2026 | Price Decreased |
$499,900
↓ $49K
(8.9%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$549,000
↓ $50K
(8.4%) | |
| Price Decreased | |||
| Jul 8, 2026 | Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | $599,000 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | |||
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MOTIVATED SELLER! Rare Alton, NH investment opportunity offering up to FOUR potential rental income streams on one property. This unique property combines a recently updated 3-bedroom, 2-bath home with a large two-story outbuilding offering additional commercial and residential rental potential. The main home can serve as an owner-occupied residence or a standalone rental, while the outbuilding opens the door to multiple income-producing possibilities. The first floor is a spacious, wide-open garage ideal for a workshop, contractor space, auto detailing, woodworking, 3D printing, equipment storage, or other business uses. Upstairs, the opportunity gets even more interesting: an approved septic design is in place for the buildout of residential space, with the existing layout offering the potential for one larger apartment or two smaller units, each with its own entry and plumbing. Rent the home, rent the garage, create one apartment- or maximize the property with all four potential income streams. Whether you're looking for an owner-occupied investment, a multi-unit rental opportunity, or a flexible property with room to build value, this is a rare setup in a convenient Alton location.
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| Jul 7, 2026 | Price Decreased |
$599,000
↓ $31K
(4.9%) | |
| Price Decreased | |||
| May 27, 2026 | Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | $629,900 | |
| Listed by KW Coastal and Lakes & Mountains Realty/Wolfeboro | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017