14
Map
232 Wellesley Drive
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 |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by CGI Realty | $639,500 | |
| Listed by CGI Realty | |||
| |||
|
The Home you have been waiting for! NEW ROOF and Master Bath, absolutely immaculate, completely remodel, Highly desirable College Park located in the Historic District of Lake Worth Beach. Less than 5-minute drive to lifeguarded beach at Palm Beach and Lake Worth Beach. Less than 10-minute drive to both Downtown Lake worth AND Downtown West Palm Beach. Less than 10-minute walk to intercoastal. Hundreds of top-rated restaurants and bars nearby. Less than 5-minute drive to I-95. This home is prime location!
Conveyable benefits to new owner completed within the last 6-12 months:
Brand new impact-proof, insulated windows and doors 2023, AC is 1 yr old,
Brand new LVP flooring throughout 2023 + NEW fridge, washer and dryer 2023, Samsung everything
Electrical panel 2021
Water heater 2021
| |||
| Feb 17, 2024 | No longer available | - | |
| No longer available | |||
| Feb 15, 2024 | Price Decreased |
$638,000
↓ $12K
(1.8%) | |
| Price Decreased | |||
Property Highlights
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About College Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017