31 Allison Avenue
About This Property
When you walk in, a short staircase takes you up to the main level, where you'll find three bedrooms, a full bath, a bright living room with large windows, and a wraparound layout that connects smoothly to the kitchen. The natural light and open feel make this floor the heart of the home.
Downstairs is fully finished and adds even more versatility, featuring a spacious second living area, two additional rooms, another full bathroom, a laundry area with a washer/dryer, plus access to the garage.
Outside, the backyard offers plenty of room to relax, play, or entertain - a great setup for gatherings or gardening.
With a new roof, energy-saving solar panels, and a convenient location near Route 9W, I-84, and the Newburgh-Beacon Bridge, this home delivers solid value and plenty of comfort for the price.
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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 |
|---|---|---|---|
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Jan 28, 2026 | Price Decreased |
$225,000
↓ $64K
(22.2%) | |
| Price Decreased | |||
| Jan 3, 2026 | Listed by YourHomeSold Guaranteed Realty | $289,000 | |
| Listed by YourHomeSold Guaranteed Realty | |||
| Nov 16, 2001 | Sold | ||
| Sold | |||
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About Newburgh
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017