218 Nelson Avenue
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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 |
|---|---|---|---|
| Dec 5, 2025 | Price Increased |
$149,900
↑ $15K
(11%) | |
| Price Increased | |||
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by Keller Williams GR East | $145,000 | |
| Listed by Keller Williams GR East | |||
| | |||
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Welcome to 218 Nelson Ave, a gem nestled on a quiet dead-end street just minutes from WMU, Kalamazoo College, and vibrant downtown Kalamazoo! This charming home is eligible for the Kalamazoo Promise and features 2 spacious bedrooms, 1 full bath, and a full-size basement offering endless potential. Recent updates include new appliances, electrical and plumbing upgrades, and a refreshed bathroom with a new tub and sink. Enjoy low utility costs thanks to the exceptional insulation of this solidly built home, while the fenced-in backyard provides a private oasis for relaxation or entertaining. With the convenience of a 2-car tandem garage and a location close to shops, restaurants, and free campus bus routes, this home combines comfort, efficiency, and prime accessibility.
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| Sep 18, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017