2431 Lippincott Road
About This Property
This 2-bedroom, 2-bath home offers just under 1,200 sq ft of easy living, with big-ticket updates already handled: newer roof, water heater, well pump, water treatment system, and HVAC.
Inside, the primary bedroom features two closets for practical storage, while the kitchen is upgraded with wood cabinetry and granite countertops.
Step out back to a spacious screened lanai-perfect for unwinding, catching the breeze through the oaks, and enjoying the quiet surroundings.
You're tucked away, yet still close to shopping, dining, and schools-giving you the best of both convenience and space.
If you've been waiting for something simple, solid, and move-in ready with land, this is one worth seeing.
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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 |
|---|---|---|---|
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | In contract | - | |
| In contract | |||
| May 14, 2026 | Price Decreased |
$300,000
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Apr 22, 2026 | Listed by Sellstate Priority Realty | $310,000 | |
| Listed by Sellstate Priority Realty | |||
| Feb 5, 2025 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017