311 Locust Avenue
About This Property
From the moment you arrive, the home's 4 bedroom, 2 full bath has classic architecture, cedar shake exterior, mature landscaping, and inviting curb appeal immediately stand out. Inside, you'll find oversized sun-filled rooms, beautiful original moldings, rich woodwork, handsome oak pocket doors, and the kind of warmth and craftsmanship rarely found today.
The spacious main level offers a welcoming layout perfect for both everyday living and entertaining, featuring a large formal living room, elegant dining area, oversized eat-in kitchen, and an enclosed back porch/sunroom that creates the perfect space to relax and enjoy views of the beautifully maintained yard.
The second floor offers 4 bedrooms , including two generously sized primary bedrooms along with two additional bedrooms. Updated split-system air conditioning provides modern comfort while the home continues to preserve its original charm and character throughout.
Outside, the property continues to impress with an expansive private backyard, detached garage, and incredible outdoor space ideal for entertaining, gardening, or simply enjoying peaceful coastal living. An unfinished basement provides additional storage and future potential.
Located in the vibrant Village of Freeport - known for its waterfront lifestyle, boating culture, restaurants, and rich history - this special home offers the perfect combination of classic charm, space, character, and pride of ownership. Taxes listed includes the village.
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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 14, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| May 26, 2026 | Listed by Weichert Realtors Performance | $719,000 | |
| Listed by Weichert Realtors Performance | |||
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About Freeport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017