3391 Madison St
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 15, 2022 | Sold | ||
| Sold | |||
| Mar 4, 2022 | Listed by Feder Commercial Realty Advisors LLC | $460,000 | |
| Listed by Feder Commercial Realty Advisors LLC | |||
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5,517 sq ft DUPLEX LOT with ~72 foot frontage, zoned U-TU-C for sale in up and coming Clayton Neighborhood. Conceptual plans are for a 2,820 sq ft duplex per each side (696 sf basement, 696 sf ground floor excluding garage, 816 sf second floor, 612 sf third floor). Third floor will have amazing roof top views of downtown and mountains. Fantastic development opportunity just one block north of City Park Golf Course, and steps away from the Denver Zoo and Museum of Nature and Science.
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About Northeast Denver
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Last Updated: 12 months ago
Data Source: REcolorado MLS, MLS# 7365315
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017