32646 Iris Lane
About This Property
Step inside to a fresh, bright interior that has been thoughtfully updated throughout. New luxury 9" wide vinyl plank flooring flows through the home, complemented by fresh interior paint in soft, inviting neutral tones. The completely renovated kitchen features new cabinetry, large island, marble-look quartz countertops, and new appliances. All three bathrooms have been refreshed with new vanities, fixtures, and countertops.
The DUAL PRIMARY SUITE layout is what really sets this home apart. One primary suite is located toward the front of the home, while the second is tucked away at the back of the home making this an ideal arrangement for multi-generational living, extended family, long-term guests, or anyone who simply appreciates having two private bedroom retreats under one roof. Two additional bedrooms and a third full bathroom complete the home's four-bedroom layout.
Outside, the backyard has been transformed with new artificial turf, fresh landscaping with drip irrigation, mature trees, and a covered patio ready for outdoor dining and entertaining. With no rear neighbors and plenty of room to create your dream backyard, there's even space for a future pool. The front yard offers additional low-maintenance turf beneath mature trees, with existing sprinklers installed if you prefer a traditional lawn in the future.
Fresh interior and exterior paint, extensive updates, low-maintenance landscaping, and a termite clearance make this home truly move-in ready. All that's missing is you!
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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 3, 2026 | Sold | ||
| Sold | |||
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Listed by Exit Alliance Realty | $650,000 | |
| Listed by Exit Alliance Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017