3403 LANCER DRIVE
About This Property
This gem is being sold "as-is" but has a ton of potential! The living room has a wood-burning fireplace with brick surround perfect for conversation or reading a good book with a cup of hot cocoa! Three windows allow the sun to shine in soothing the soul. But that's not all this remarkable home has to offer. Make your way to the separate dining room, accented by a captivating arched opening. This space is perfect for entertaining creating memories that will last a lifetime. Imagine hosting intimate dinner parties or simply enjoying a quiet meal with your loved ones in this cozy room. Beyond the dining room is the kitchen with a convenient door leading outside to the side porch the side porch is also easily accessed by the driveway as well making bringing in groceries a breeze. Pamper yourself in the full hall bath, where you can immerse yourself in a bubble bath in the tub featuring a shower head as well. Two sizable bedrooms each with two windows and overhead lighting complete the main level. The partially finished upper level spans the length of the home and is a blank canvas this sanctuary can be an escape from the everyday hustle and bustle! Transform it into a tranquil meditation room or an artist's studio, home office or a third bedroom. The unfinished lower level has a conveying washer and dryer, utility sink, and utilities area and has a door leading to the side yard. The back yard is fenced, level and a perfect retreat for hosting BBQs and watching your loved ones enjoy outdoor activities. Close to public transportation, Metro, University of Maryland, Catholic University and near Hyatt Park Community Garden, Magruder Park and more!
Walk to Hyatt Park and public bus. Close to shopping, restaurants, schools and commuter routes.
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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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2024 | In contract | - | |
| In contract | |||
| Dec 8, 2023 | Listed | $389,900 | |
| Listed | |||
| | |||
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Welcome to your charming 2-bedroom (with the potential for a 3rd bedroom in the partially finished upper level), 1 full bath all-brick cape cod nestled in a tranquil neighborhood where character meets comfort! Step inside and let your heart be captivated by the warm embrace of wood floors that spread like a cozy blanket throughout this exceptional home and dress up the living room, dining room, hallway and both bedrooms.
This gem is being sold "as-is" but has a ton of potential! The living room has a wood-burning fireplace with brick surround perfect for conversation or reading a good book with a cup of hot cocoa! Three windows allow the sun to shine in soothing the soul. But that's not all this remarkable home has to offer. Make your way to the separate dining room, accented by a captivating arched opening. This space is perfect for entertaining creating memories that will last a lifetime. Imagine hosting intimate dinner parties or simply enjoying a quiet meal with your loved ones in this cozy room. Beyond the dining room is the kitchen with a convenient door leading outside to the side porch the side porch is also easily accessed by the driveway as well making bringing in groceries a breeze. Pamper yourself in the full hall bath, where you can immerse yourself in a bubble bath in the tub featuring a shower head as well. Two sizable bedrooms each with two windows and overhead lighting complete the main level. The partially finished upper level spans the length of the home and is a blank canvas this sanctuary can be an escape from the everyday hustle and bustle! Transform it into a tranquil meditation room or an artist's studio, home office or a third bedroom. The unfinished lower level has a conveying washer and dryer, utility sink, and utilities area and has a door leading to the side yard. The back yard is fenced, level and a perfect retreat for hosting BBQs and watching your loved ones enjoy outdoor activities. Close to public transportation, Metro, University of Maryland, Catholic University and near Hyatt Park Community Garden, Magruder Park and more!
Walk to Hyatt Park and public bus. Close to shopping, restaurants, schools and commuter routes.
| |||
| May 12, 1966 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017