2219 Needham Road
About This Property
This spacious 3 bedroom, 2 full bathroom home is brimming with potential and classic features waiting to be restored. Highlights include beautiful original hardwood floors, a cozy fireplace, and the added functionality of a two-car garage. The home also boasts a sought-after walk-out basement, offering excellent possibilities for expanding the living space and maximizing value. Don't miss this rare opportunity to invest in Ann Arbor real estate! Home Energy Score of 5. Download report at a2gov.org/herdmap Highest and best offers due 3-2 by 8pm
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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 18, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Feb 26, 2026 | Price Decreased |
$359,900
↓ $40K
(10%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$399,900
↓ $10K
(2.4%) | |
| Price Decreased | |||
| Jan 24, 2026 | Price Decreased |
$409,900
↓ $15K
(3.6%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017