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3031 Edson Avenue
About This Property
Upon entering, you're welcomed into a thoughtfully arranged interior featuring three spacious bedrooms and two and a half bathrooms. The layout is designed to provide a natural flow between the main living areas, creating a comfortable and functional environment suitable for both daily living and hosting. Large windows allow for an abundance of natural light, giving the space an open and inviting feel throughout.
The fully finished basement significantly enhances the usability of the property, offering additional square footage that can easily adapt to a variety of uses. Whether utilized as a private workspace, recreational area, guest setup, or extended living quarters, this level provides flexibility to suit a range of needs and preferences.
Located in an established residential pocket of Baychester, the property benefits from excellent convenience. Nearby amenities include shopping centers, grocery stores, schools, parks, and multiple public transportation options. In addition, major highways are easily accessible, allowing for efficient travel throughout the Bronx, Westchester County, and beyond. This area continues to attract strong interest due to its accessibility and consistent demand.
Income & Rental Potential –
Beyond its appeal as a primary residence, this property presents a valuable opportunity for additional income generation. The main living portion has an estimated rental range of $3,400–$3,800 per month, while the finished basement offers the potential to generate approximately $1,200–$1,500 per month. Combined, the property could produce a total monthly income of up to $5,300.
To further support buyers, our team provides full-service rental placement and management assistance after closing. From securing qualified tenants to helping optimize rental performance, we assist in maximizing the property's income potential from day one. Whether you're looking to offset your monthly expenses or build long-term equity with consistent cash flow, this Baychester property offers a strong and versatile investment opportunity.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 15, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 15, 2026 | Listed by WW Realty Group Inc | $699,000 | |
| Listed by WW Realty Group Inc | |||
| Mar 13, 2026 | Listed by WW Realty Group Inc | $699,000 | |
| Listed by WW Realty Group Inc | |||
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Discover this well-kept brick residence positioned in the sought-after Baychester section of the Bronx, right on Edson Avenue. Set on a 1,674 square foot lot, this attached property offers a strong combination of structural integrity, practical design, and lasting value. Its full brick exterior not only delivers classic curb appeal but also ensures durability with minimal exterior upkeep over time.
Upon entering, you’re welcomed into a thoughtfully arranged interior featuring three spacious bedrooms and two and a half bathrooms. The layout is designed to provide a natural flow between the main living areas, creating a comfortable and functional environment suitable for both daily living and hosting. Large windows allow for an abundance of natural light, giving the space an open and inviting feel throughout.
The fully finished basement significantly enhances the usability of the property, offering additional square footage that can easily adapt to a variety of uses. Whether utilized as a private workspace, recreational area, guest setup, or extended living quarters, this level provides flexibility to suit a range of needs and preferences.
Located in an established residential pocket of Baychester, the property benefits from excellent convenience. Nearby amenities include shopping centers, grocery stores, schools, parks, and multiple public transportation options. In addition, major highways are easily accessible, allowing for efficient travel throughout the Bronx, Westchester County, and beyond. This area continues to attract strong interest due to its accessibility and consistent demand.
Income & Rental Potential –
Beyond its appeal as a primary residence, this property presents a valuable opportunity for additional income generation. The main living portion has an estimated rental range of $3,400–$3,800 per month, while the finished basement offers the potential to generate approximately $1,200–$1,500 per month. Combined, the property could produce a total monthly income of up to $5,300.
To further support buyers, our team provides full-service rental placement and management assistance after closing. From securing qualified tenants to helping optimize rental performance, we assist in maximizing the property's income potential from day one. Whether you're looking to offset your monthly expenses or build long-term equity with consistent cash flow, this Baychester property offers a strong and versatile investment opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017