2594 Tom Polk Avenue
About This Property
One of the standout features of this property is the separate, freestanding garage, which offers great potential for conversion to an Additional Dwelling Unit (ADU), workshop, or studio space (buyer to verify). The oversized lot provides plenty of space for gardening, expansion, or recreational use-rare to find in this price range and neighborhood.
Located just minutes from North Valley Plaza, you'll enjoy quick access to Trader Joe's, Cinemark, restaurants, and Highway 99. Whether you're an investor looking for your next project or a homeowner ready to create something special, this property offers both flexibility and upside.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Aug 20, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jul 21, 2025 | Listed by Keller Williams Realty Chico Area | $345,000 | |
| Listed by Keller Williams Realty Chico Area | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017