14
Map
3216 Hamlin Road
About This Property
Listed By
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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 |
|---|---|---|---|
| Apr 30, 2025 | Price Increased |
$3,000,000
↑ $500K
(20%) | |
| Price Increased | |||
| Mar 14, 2025 | Listed by Compass -- Chapel Hill - Durham | $2,500,000 | |
| Listed by Compass -- Chapel Hill - Durham | |||
| Aug 23, 2024 | No longer available | - | |
| No longer available | |||
| Dec 7, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by Compass Carolinas, LLC | $2,500,000 | |
| Listed by Compass Carolinas, LLC | |||
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This property is ideally located with rare large acreage of more than 44 acres and exceptional potential. Located just 12 minutes to downtown Durham, minutes from I85 and close to Falls Lake. The parcel has development potential for estate lots with level and rolling terrain. Parcel also has a charming 2 bed-1 bath-1235 sf house circa 1930 with original features. May be able to subdivide. Road frontage on Red Mill Rd, Glenn School Rd and Hamlin Rd and Swing Rd.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017