3217 MORRISON ST NW
About This Property
Situated on an elevated 5,200 square foot lot, this home boasts a flat, fenced rear yard with a spacious deck and a detached garage, perfect for outdoor entertaining and relaxation.
Inside, the main level features an inviting entry foyer, a cozy living room with a fireplace that opens to a sunroom bathed in natural light, and a separate dining room ideal for family gatherings. The kitchen offers ample table space, a small island, and easy access to the rear deck for al fresco dining.
Upstairs, you'll find three bedrooms and two full baths, including a renovated primary suite with elegant limestone tile and skylights that flood the room with light. The third bedroom offers a bonus room with floor-to-ceiling windows, perfect for a home office or sitting area. Pull down steps in the hall to abundant attic storage.
The lower level provides additional living space with a recreation room, laundry area, storage, and a third full bath.
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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 |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Listed by Long & Foster Real Estate, Inc. | $1,250,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
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About Northwest Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017