3118 Violet Street
About This Property
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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 30, 2025 | Listed by RE/MAX Opportunities | $700,000 | |
| Listed by RE/MAX Opportunities | |||
| Apr 2, 2024 | No longer available | - | |
| No longer available | |||
| Sep 7, 2023 | Listed by RE/MAX Opportunities | $750,000 | |
| Listed by RE/MAX Opportunities | |||
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HARD CORNER tract in the City limits of Needville!!! City utilities available but not currently hooked up as this is currently being used as a storage facility. This tract is highly visible on Highway 36 and the corner of Violet street which leads to the Needville Little League ballpark, Harvest Park, city walking trail, and Live Oak club (swimming pool). This property includes two tax ID's which total 1.2+ Acres which gives you plenty of room to build your Commercial business Or invest and hold and watch Needville grow!! Highway 36 is currently under construction and will be a 4 lane highway expanding to Freeport. The city approved Harvest Pointe subdivision which will bring 600+/- rooftops to the community and is in the same vicinity of this tract. Great Commercial opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017