333 Route 312
About This Property
At 333 Route 312, that balance is easy to appreciate. Your morning commute can begin with a short drive to the Southeast Metro-North station, which offers direct access to Grand Central via the Harlem Line. When the weekend arrives, you're just minutes away from the lakes, trails, reservoirs, and small-town charm that make Putnam County such a special place to call home. With Routes 6 and 22, I-84, and I-684 all nearby, traveling throughout the region is equally convenient.
A legal accessory apartment, over half an acre of property, and a commuter-friendly location make 333 Route 312 a home that offers both flexibility and long-term value.
This home has also seen important improvements, including a newer boiler, separate hot water heaters for each level, a maintained private well, a regularly serviced 1,000-gallon septic system, and new laminate flooring in the basement. These updates provide a strong foundation for the next owner while leaving room to add their own style and vision.
Outside, the half-acre property offers usable space for entertaining, gardening, recreation, or future landscaping projects.
Whether you're seeking rental income to offset monthly expenses, space for extended family or a private area for guests, a home office, or multi-generational living, the layout creates opportunities that can adapt as your needs change.
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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 |
|---|---|---|---|
| Jul 15, 2026 | In contract | - | |
| In contract | |||
| Jun 15, 2026 | Listed by Keller Williams Realty Partner | $400,000 | |
| Listed by Keller Williams Realty Partner | |||
| Jan 19, 2021 | No longer available | - | |
| No longer available | |||
| Jan 18, 2021 | Listed by RE/MAX Classic Realty | $279,500 | |
| Listed by RE/MAX Classic Realty | |||
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Location, location, location. Directly off I-84 exit, close to all major shopping, restaurants, schools, & Southeast train station. Ranch home featuring 2 bed, 2 bath with 1 bed, 1 Den, 1 bath up, and 1 bed 1 bath down. Downstairs has own entrance and kitchenette, perfect extended family set up. Updates include new furnace, 2 hot waters heaters both less then 2 yrs old, updated kitchen & baths. Has a patio overlooking large level private backyard. Taxes do not include star exemption of $1,023. The manager has listed the unit size as 1664 square feet.
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| Dec 4, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017