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31 Walnut Avenue
About This Property
Welcome to this beautifully updated 3-bedroom, 2-bath Cape, ideally located just minutes from the Village and shopping! Perfectly blending modern amenities with timeless charm, this home offers a spacious layout and plenty of room to grow.
Step inside to discover a brand-new kitchen featuring sleek, updated appliances and fresh cabinetry, making meal prep a breeze. The living areas boast newly refinished floors that add warmth and character throughout.
The entire home has been freshly painted in neutral tones, creating a bright and inviting atmosphere that complements any style. With three generous bedrooms, there's ample space for guests, or a home office. A full basement provides even more storage and potential for future expansion. Low Taxes !
Enjoy the convenience of being close to everything you need-shops, restaurants, and more-while still having the tranquility of a quiet neighborhood. This move-in-ready gem is a rare find and won't last long!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Price Increased |
$549,900
↑ $50K
(10%) | |
| Price Increased | |||
| Mar 10, 2026 | No longer available | - | |
| No longer available | |||
| Mar 4, 2026 | Listed by Shine Realty Group | $499,990 | |
| Listed by Shine Realty Group | |||
Property Highlights
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About North Patchogue
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017