228 HOPE
About This Property
Inside, the home is ready for renovation and offers an opportunity to update and customize the space to your style. Outside, enjoy an expansive acreage setting complete with a large rear deck, patio, fenced area, and storage shed.
Conveniently located near Route 1, Courthouse Road, and I-95, the property offers access to shopping, services, Stafford County amenities, Fredericksburg, and Northern Virginia while still providing the space that comes with an acreage property.
Whether you're looking for your next renovation project, an investment opportunity, or a property you can transform into your own, 228 Hope Road offers the space and potential to make it happen. Bring your ideas and imagine the possibilities!
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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 |
|---|---|---|---|
| Oct 15, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 15, 2026 | Listed by Keller Williams Richmond West | $295,000 | |
| Listed by Keller Williams Richmond West | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017