250 Confluence Rd
About This Property
confluence of the Arkansas and South Arkansas Rivers. Two Rivers is a popular subdivision that includes both a well-established Northside neighborhood, plus a growing commercial/mixed-use Commons that currently offers restaurants, coffee, gym, EV
charging, local businesses and professional services. Two Rivers in its entirety is designed to be a walkable neighborhood
with design elements that engender community and integrate the natural environment. Enjoy the gazebo and common
area at the confluence of the two rivers plus +/- 7 acres of open space and preserved riparian habitat along the South
Arkansas River. Two Rivers offers a sustainable lifestyle, architecturally interesting surroundings, a pedestrian neighborhood, modern conveniences, and excellent proximity to Historic Downtown Salida, Monarch Ski Area, public lands, and the Arkansas River. Inclusionary Housing (IH) requirements have been met by developer. Buyer to do their own due diligence regarding city density and IH requirements.
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 27, 2025 | Listed by Pinon Real Estate Group LLC | $254,900 | |
| Listed by Pinon Real Estate Group LLC | |||
| Apr 8, 2024 | Listed | $265,000 | |
| Listed | |||
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Buildable lot in popular Two Rivers! Located in Two Rivers Southside and just steps from the South Arkansas River and the
confluence of the Arkansas and South Arkansas Rivers. Two Rivers is a popular subdivision that includes both a well-established Northside and a growing commercial/mixed-use Commons that currently offers restaurant, coffee, gym, EV
charging, local businesses and professional services. Two Rivers in its entirety is designed to be a walkable neighborhood
with design elements that engender community and integrate the natural environment. Enjoy the gazebo and common
area at the confluence of the two rivers and +/- 7 acres of open space and preserved riparian habitat along the South
Arkansas River. Located just 1 mile from the heart of Historic Downtown Salida, Two Rivers offers a sustainable lifestyle,
architecturally interesting surroundings, modern day conveniences, and excellent proximity to the river and state park
launch sites. Inclusionary Housing (IH) requirements have been met by developer. Buyer to do their own due diligence regarding
city density and IH requirements.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017