243 W C Street
About This Property
The main residence offers 2 bedrooms, 1 bathroom, a dedicated office, laundry room and approximately 1,424 sq. ft. of comfortable living space and a BRAND NEW ROOF! Tucked behind the main home is a two-story secondary structure featuring two additional units.
The upstairs unit offers 1 bedroom, 1 bathroom, in-unit laundry, and approximately 742 sq. ft.
A separate storage area provides added convenience for tenants.
The property also boasts an extended driveway with parking for multiple vehicles, an extra-large, extra-tall carport ideal for oversized vehicles or additional covered parking, and alley access that enhances functionality and accessibility.
Whether you're looking to expand your investment portfolio or live in the front home while generating rental income from the rear units, this property offers outstanding flexibility and value. The property is currently tenant occupied, generating approximately $4,800 per month in rental income, with the main home renting for $2,800/month, the upstairs unit for $2,000/month. Buyers are advised to verify all rental information and lease terms during their due diligence. This is a rare opportunity to own a property with multiple income streams, abundant parking, and exceptional potential-all in one package!
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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 9, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Oct 2, 2026 | Relisted | $695,000 | |
| Relisted | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Listed by Berkshire Hathaway Homeservices California Realty | $695,000 | |
| Listed by Berkshire Hathaway Homeservices California Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017