313 Geneva LN
About This Property
Endless opportunity for a contractor or investor awaits with this property that has good bones and offers a rare chance to own more than 6.5 acres in town, with potential to divide for future development.
Two Homes on One Property!
Explore the possibilities with both a primary home and a secondary residence, ideal for multi-generational living, guests, or rental income.
The primary home features a large suite with dual vanities, a walk-in shower, and a soaking tub, creating a relaxing retreat. The living room includes a beautiful beamed ceiling and large windows that fill the space with natural light.
A circular driveway welcomes you home, while the expansive backyard with mature trees provides exceptional privacy, perfect for entertaining or simply unwinding outdoors.
The secondary home includes one bedroom, one bathroom, a partial kitchen, and a converted garage space that can be used as a guest area, home office, or creative studio.
Outdoors, the former swimming pool has been transformed into a tranquil Koi pond. The property was affected by the July 2025 flood and has since received FEMA assistance for professional dry-out, offering an outstanding opportunity to remodel and reimagine this Hill Country gem.
With over 6.5 acres, ample living space, and endless potential, this property is the perfect fixer-upper for anyone ready to create their dream home or a future investment.
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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 |
|---|---|---|---|
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Listed by eXp Realty, LLC | $375,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017