249 & 255 W 6th 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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Aug 11, 2025 | Listed by I Heart Real Estate, Inc. | $410,000 | |
| Listed by I Heart Real Estate, Inc. | |||
| Jul 9, 2025 | Price Decreased |
$410,000
↓ $20K
(4.7%) | |
| Price Decreased | |||
| Jul 4, 2025 | Listed | $430,000 | |
| Listed | |||
| | |||
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This property is the envy of the community. Call me to find out why! A rare opportunity. Move-In Ready - Two Homes on One Lot with Income Potential! Discover this unique and versatile property featuring two charming homes on a fully enclosed lot. Each unit has it's own electric, gas meter and solar system! The front home offers 3 spacious bedrooms, 1 bathroom, and a single-car garage perfect for a family or owner-occupant. Tucked away in the back, the cozy 1-bedroom, 1-bathroom home provides an incredible opportunity for rental income, guest quarters, or a private office. With RL zoning, you have the flexibility to rent out the back home while living in the front, making it ideal for generating extra income or accommodating multigenerational living. Situated in a prime location nearby great schools, this property offers both convenience and peace of mind. It's directly across from the Riverside Sherriff's Department, adding an extra layer of security, and just a short walk to local shops, restaurants, amenities and blocks away from K-12 schools. The gated driveway and fully fenced lot provide privacy and security, making this property as practical as it is charming. Whether you're seeking a comfortable home with rental income potential or a savvy investment property, this one has it all. Don't miss out schedule your viewing today!
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| Jun 21, 2025 | Relisted | $430,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017