278 Confluence Rd
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 29, 2026 | Listed | $749,000 | |
| Listed | |||
| Dec 11, 2025 | Listed by Pinon Real Estate Group LLC | $375,000 | |
| Listed by Pinon Real Estate Group LLC | |||
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Large lot in the desirable Two Rivers community, backing to open space and a scenic trail along the South Arkansas River-just steps from the main stem of the Arkansas. This level lot is ready for your vision, allowing both a single-family home and an accessory dwelling unit (ADU), giving you flexibility to create your ideal residence with stunning mountain and river views.
Two Rivers sits at the confluence of the Arkansas and Little Arkansas Rivers, only one mile from historic downtown Salida. The neighborhood is vibrant and growing, with a mix of beautiful homes and a budding commercial area featuring a restaurant, bar, gym, bakery, and more. Designed for walkability, Two Rivers offers 7 acres of open space, a riverside walking path along the Little Arkansas, a community park at the confluence, and a pedestrian bridge over the river.
Come experience the perfect blend of nature, convenience, and community on this exceptional ready-to-build lot.
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| Nov 11, 2024 | Listed | $375,000 | |
| Listed | |||
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Level lot in Two Rivers that backs up to open space and a trail along the South Arkansas River, and just steps away from the main stem of the Arkansas River. The lot allows for a home and an accessory dwelling unit (ADU) giving you the flexibility to build your dream home with amazing views of the mountains and the river. Two Rivers is at the confluence of the Arkansas River and the Little Arkansas, approximately 1 mile from historic Downtown Salida. Two Rivers is a popular community with many homes and a burgeoning commercial area, including a small restaurant, gym, coffee shop, and more. Two Rivers is a walkable neighborhood and offers 7 acres of open space with a walking path along the south side of the Little Ark, a park at the confluence and a pedestrian bridge over the river. Come discover the perfect blend of nature and community on this ready to build lot.
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| Aug 20, 2024 | Relisted | $375,000 | |
| Relisted | |||
| Aug 11, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017