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255 Edge Avenue
About This Property
Inside, the updated kitchen serves as the heart of the home and benefits from its 2025 renovation, while the extensive 2022 remodel gives the home a fresh, updated feel throughout. With six bedrooms plus a separate office and three full bathrooms, there is no shortage of flexible space for guests, hobbies, a home gym, media room, or additional workspace.
The covered front porch adds to the home's welcoming curb appeal and provides a comfortable spot to relax outdoors. Around back, the 2-car garage and expansive driveway offer the kind of parking and storage flexibility that can be hard to find.
The location is another standout feature. Lincoln Park is practically around the corner and offers waterfront recreation along Boggy Bayou, including a boat launch, swimming area, fishing, playground, picnic areas, and beautiful waterfront views. Whether you're heading out on the boat, spending an afternoon at the park, or watching the annual Fourth of July fireworks, it's all conveniently close to home.
With its extensive updates, six-bedroom layout, dedicated office, first-floor primary suite, oversized secondary bedrooms, abundant parking, and convenient Valparaiso location near Lincoln Park and Eglin Air Force Base, 255 Edge Ave offers an impressive combination of space, updates, recreation, and accessibility. Schedule your private showing and see everything this home has to offer!
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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 11, 2026 | Price Decreased |
$499,900
↓ $40K
(7.4%) | |
| Price Decreased | |||
| Aug 25, 2026 | Price Decreased |
$540,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$550,000
↓ $33K
(5.7%) | |
| Price Decreased | |||
| Jun 23, 2026 | Price Decreased |
$583,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$588,000
↓ $2K
(0.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017