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306 9th Street
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 |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$999,000
↓ $30K
(2.9%) | |
| Price Decreased | |||
| Aug 14, 2026 | Listed by Sotheby's International Realty | $1,029,000 | |
| Listed by Sotheby's International Realty | |||
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2025 | Listed by Sotheby's International Realty | $950,000 | |
| Listed by Sotheby's International Realty | |||
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A Pacific Grove original, this bungalow has been loved by the same family since the '50s. Set just a few blocks from the Rec Trail, near downtown, and capturing views of Monterey Bay, the neighborhood reflects the true charm of retreat living. With two bedrooms, one bath, and a sunny setting, this PG cottage is ready for new owners to bring their vision and continue its story.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017