3181 Cranberry Road
About This Property
Step inside to hardwood floors flowing through much of the home and a kitchen that shines with new Corian counters. The bright, airy living room with cathedral ceilings, a thoughtful addition by a previous owner, opens right onto the composite deck, blurring the line between indoors and out. Curl up by the gas fireplace on winter nights, and stay cool all summer with central air.
The primary suite is a true retreat. Once the home's garage, it was fully converted into a spacious bedroom by a previous owner, and it now pairs with a spa-worthy bath: a whirlpool tub, walk-in shower, double vanity, and its own dedicated toilet room. Two additional bedrooms share a second full bath, and a dedicated office rounds things out, ideal for working from home or a quiet hobby space.
Out back, unwind on the patio or deck, or gather around the fire pit in the spacious backyard. A shed adds handy extra storage.
Every detail here has been cared for: 200-amp electrical service, a radon mitigation system, two hot water tanks for convenience, and a basement that stays remarkably dry thanks to double-block foundation walls.
Square footage: approximately 1,750 sq ft of finished, above-grade living space, calculated using exterior wall dimensions (per the ANSI Z765 standard, with a 6" exterior wall allowance).
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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 |
|---|---|---|---|
| Aug 6, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Listed by Howard Hanna Professionals - Olean | $289,900 | |
| Listed by Howard Hanna Professionals - Olean | |||
| Oct 24, 2019 | Sold | ||
| Sold | |||
| Oct 9, 2019 | Listed by Howard Hanna Professionals - Olean | $179,000 | |
| Listed by Howard Hanna Professionals - Olean | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017