22618 Island Avenue
About This Property
Inside, you will be greeted with brand new luxury vinyl plank flooring, freshly painted walls and lots of natural light. This home has three generous sized bedrooms each with plenty of closet space and smooth ceilings. The remodeled bathroom features subway tile and modern finishes, while the kitchen offers freshly painted cabinets, plenty of storage, and a brand-new stove that's ready for your first home cooked meals. This home also has inside laundry to keep daily living convenient.
Step outside and marvel at the large backyard with endless potential. Imagine summer barbecues, or adding a pool, or even an ADU. The covered carport and long driveway give you plenty of parking and flexibility.
All this, plus a central location near parks, shopping, and freeway access that makes commuting and weekends a breeze.
If you've been waiting for the right place to make your move into homeownership, 22618 Island Avenue is it. Fresh, affordable, and full of potential.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 4, 2025 | Sold | ||
| Sold | |||
| Oct 12, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed by Seven Gables Real Estate | $685,000 | |
| Listed by Seven Gables Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017