246 Walnut Street
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 |
|---|---|---|---|
| Apr 2, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Feb 24, 2026 | Price Decreased |
$800,000
↓ $99K
(11%) | |
| Price Decreased | |||
| Sep 26, 2025 | Price Decreased |
$899,000
↓ $99K
(9.9%) | |
| Price Decreased | |||
| Jul 22, 2025 | Listed by RE/MAX Andrew Realty Services | $998,000 | |
| Listed by RE/MAX Andrew Realty Services | |||
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Developer Alert – 2 Approved Buildable Lots in Prime Reading Location! While there is an existing single-family home on-site, the true value lies in the land. Builders & developers—capitalize on this rare opportunity in high-demand Reading. This offering includes two fully buildable lots with approved site plans and modification approvals for overhead utilities, berm, and a 16’ privacy fence: Lot 1: 27,895 sq. ft. and Lot 2: 20,058 sq. ft. Approved for a 4,500 sq. ft. home on each lot, with potential to build up to 5,500 sq. ft. including finished basement. All major approvals in place: Approved subdivision & site plans; Decision of Approvals & Order of Condition; Utility access (electric, public water/sewer at street). Exceptional location – Minutes to downtown Reading, commuter rail, and I-93. Documentation available upon request: Site plans, layouts, permits & building plans and more!
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| Jul 1, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017