2206 Gehringer Dr
About This Property
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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 4, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Price Decreased |
$698,000
↓ $27K
(3.7%) | |
| Price Decreased | |||
| Oct 11, 2025 | Listed by RE/MAX Accord | $724,500 | |
| Listed by RE/MAX Accord | |||
| Sep 5, 2025 | Listed | $749,900 | |
| Listed | |||
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Welcome to this beautifully refreshed 4-bedroom, 2-bathroom home located on a generous corner lot in the heart of Concord. Perfect for first-time buyers, multigenerational living, or savvy investors, this move-in ready property combines style, flexibility, and income potential. Inside, you'll find a light and bright layout featuring new flooring, fresh paint and updates throughout. The updated kitchen boasts contemporary cabinetry, and newer appliances—ideal for everyday living or entertaining. A standout feature is the converted garage, complete with its own kitchen and full bathroom, offering excellent potential as a private studio, guest suite, or rental unit (buyer to verify). The exterior offers even more possibilities, with a covered carport and roomy side yard—perfect for additional parking, a future ADU, or extra storage. The corner lot location adds privacy, space, and curb appeal. Centrally located near BART, freeway access, schools, and shopping, this home checks all the boxes for comfort, convenience, and opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017