306 W 6TH AVENUE
About This Property
Discover the potential of this one-of-a-kind property nestled on an expansive lot, offering endless possibilities for customization, expansion, or investment. This 3-bedroom, 1.5-bath home boasts a flexible layout ideal for modern living, remote work, or multigenerational needs.
The main level welcomes you with a functional mudroom/laundry combo, a convenient half bath, and a spacious open-concept kitchen, and living area-perfect for entertaining or family gatherings. A generous bonus room on this floor provides the perfect space for a home office or potential 4th bedroom.
Upstairs, you'll find three comfortable bedrooms, a full bathroom, and a charming nook area-ideal for a home office, reading corner, or creative studio. The full, unfinished basement offers ample storage and is where the utilities are located.
Step outside to a mostly level yard with an abundance of off-street parking, perfect for guests or extra vehicles. The oversized workshop provides space for hobbies, storage, or even a future home-based business.
This property is being offered as-is and is in need of updates-an excellent opportunity for those with vision and creativity. Please note: The furnace is currently non-operational, so the home will only be available for cash or a rehab loan. Call for special financing/grant options.
Don't miss the chance to transform this rare in-town gem into the home or investment property of your dreams!
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by Dandridge Realty Group, LLC | $275,000 | |
| Listed by Dandridge Realty Group, LLC | |||
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About Ranson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017