306 Mainline Station Drive
About This Property
Ideally located just one mile from NC-855, Davis Drive, and I-40, you'll enjoy quick access to top employers, excellent schools, restaurants, and shopping-making your daily commute and weekend plans effortless.
Step inside to find a bright, open layout featuring an updated kitchen with a large island, granite countertops, and stainless steel appliances-ideal for cooking and entertaining. The spacious master suite includes a tray ceiling and a luxurious bath, while the Jack-and-Jill layout offers two separate vanities for the secondary bedrooms, ensuring privacy and functionality.
The finished basement includes a private bedroom and full bath, plus a large bonus room that opens to a walk-out patio-perfect for guests, a media room, or a home office. And it can be used as a separate unit for a short term rent. Upgraded luxury vinyl plank (LVP) flooring runs throughout the second floor and basement for a modern, cohesive feel.
Additional features include a 2-car garage with EV charging capability, and access to a community swimming pool for summer fun.
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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 |
|---|---|---|---|
| Aug 19, 2025 | Sold | ||
| Sold | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Jun 26, 2025 | Price Decreased |
$535,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| May 20, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed by Choice Residential Real Estate | $550,000 | |
| Listed by Choice Residential Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017