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2203 Lindell Ave
About This Property
The home features an expansive covered porch spanning two sides, two fireplaces, and a three-car garage, creating both comfort and functionality. Live in the main house and use the studio loft as a private guest suite or short-term rental. Property is also available for lease.
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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 |
|---|---|---|---|
| Mar 17, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Price Decreased |
$1,595,000
↓ $100K
(5.9%) | |
| Price Decreased | |||
| Feb 18, 2026 | Listed by Compass RE Texas, LLC | $1,695,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
| May 2, 2025 | Listed by Moreland Properties | $1,899,000 | |
| Listed by Moreland Properties | |||
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This amazing, rare gem can now be yours. Located at the corner of South Congress Avenue and West Live Oak Street, the location can’t be beat with an incredible Walk Score of 92, a true “Walker’s Paradise”. On nearly one-third of an acre, the existing residence constructed in 2006 offers three bedrooms, two- and one-half baths, office, dining room, living room, a sizable studio loft above the garage, and is complete with a wraparound porch on two sides. Live in the main house and use the studio loft with its own entrance as a private guest quarter or use it for short term rentals right on South Congress (pending permitting). If you’re looking for development opportunities, you have found the best location available with the possibility of up to six units. (Buyer to verify) Whether you live in the current residence or develop the lot to its full potential, this property offers a ton of opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017