2256 48Th Ave
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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | Listed by Corcoran Icon Properties | $525,000 | |
| Listed by Corcoran Icon Properties | |||
| Apr 30, 2025 | Listed | $599,000 | |
| Listed | |||
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Step into this delightful home located in the Melrose area of Oakland. Upon entry, you are greeted with natural light that dances from room to room. This charming 2 bedroom, 1 bathroom home also features a versatile bonus room that adds flexibility—ideal as a 3rd bedroom or home office. Enjoy the elegance of gleaming refinished hardwood floors complemented by newly updated flooring in both bedrooms & the bonus room. The beautifully remodeled bathroom features modern finishes and a towel warmer for a touch of luxury. The upgraded electrical system is solar panel-ready. Stylish top-down/bottom-up shades offer both privacy & light control throughout. The large eat-in kitchen leads to a spacious laundry room, which has additional space for a pantry, storage, or a space to study. The backdoor provides easy access to the backyard for Spring & Summer nights to entertain. The meticulously maintained front and back yards offer multiple serene spaces to unwind and relax. The fresh interior & exterior paint give the home a crisp turn-key look. The gated, extended driveway provides ample off-street parking. Don't miss the opportunity to call this Oakland oasis home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017