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331 Frenchman Rd
About This Property
The main level is filled with natural light and designed to capture the surrounding views with vaulted ceilings, expansive windows, reclaimed wood accents, and a cozy wood-burning stove. The kitchen features stainless steel appliances, a gas range, butcher block countertops, a large pantry, and a dedicated dining area with mountain views in nearly every direction. One bedroom and bathroom are located on the main level, along with direct access to the wrap-around deck-perfect for summer evenings and relaxing under the stars. A charming loft above adds additional sleeping space or a flexible office.
The lower level offers a separate private entrance and functions as a studio suite complete with a sleeping area, living space, full kitchen, bathroom, and laundry-ideal for guests, a mother-in-law suite, or short- and long-term rental income potential.
Outside, enjoy the peaceful setting and usable acreage with room for a future garage or workshop. Whether you're seeking a summer basecamp, full-time mountain home, or flexible investment property, this one offers year-round Colorado lifestyle appeal less than 20 minutes to Fairplay, a scenic drive to Breckenridge, and under 1.5 hours from Denver.
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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 |
|---|---|---|---|
| May 20, 2026 | Price Decreased |
$499,750
↓ $15K
(3%) | |
| Price Decreased | |||
| Mar 14, 2026 | Relisted | $515,000 | |
| Relisted | |||
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Listed | $515,000 | |
| Listed | |||
| Oct 20, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017