2813 Highway 21 W
About This Property
The home features a converted garage, providing additional flexible living space that could serve as a second living area, game room, office, studio, or business workspace. Outside, the generous acreage offers plenty of room for expansion, with the potential for additional improvements, another residence (if permitted), guest quarters, or business use, subject to applicable regulations.
Located within the Mustang Ridge ETJ, the property is subject to applicable ETJ regulations, zoning, and development requirements. With its highly visible Highway 21 frontage, this property offers outstanding exposure and excellent potential for a variety of residential, commercial, or live/work opportunities. Buyers should verify all intended uses, development potential, and permitting requirements with Mustang Ridge and Caldwell County.
Whether you envision a family home, a business location, or a combination of both, this versatile property offers incredible flexibility in a rapidly growing area. Don't miss this unique opportunity to own a highly visible property with endless potential!
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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 |
|---|---|---|---|
| Oct 19, 2026 | Price Decreased |
$365,000
↓ $9K
(2.4%) | |
| Price Decreased | |||
| Oct 6, 2026 | Price Decreased |
$374,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$375,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$385,000
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Aug 27, 2026 | Relisted | $399,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017