3409 Hemlock BLVD
About This Property
Built in 1970 and thoughtfully updated, this home features new wood-look tile flooring throughout, fresh interior and exterior paint, and new blinds in every room. Recent major upgrades include a new roof and a new garage door with opener, offering added peace of mind. The kitchen is equipped with new granite countertops and stainless steel appliances while maintaining its original cabinetry, providing the perfect balance of character and future customization potential.
The functional layout includes comfortable living and dining areas, well-sized bedrooms, and abundant natural light throughout. Whether you are a first-time buyer, downsizing, or investing, this property offers flexibility and long-term value. Step outside to enjoy the large covered back patio with decking-ideal for relaxing or entertaining-along with a storage shed in the backyard for added convenience. Full sprinkler system.
Ramblewood is a quiet, family-friendly neighborhood known for its tree-lined streets, friendly residents, and well-kept homes. Residents enjoy close proximity to local schools, parks, and shopping centers while benefiting from a peaceful residential setting that blends classic charm with modern updates.
Conveniently located just 3 miles from Baylor Scott & White Hospital, 2 miles from the VA Hospital, 6 miles from I-35, and only 1 mile from shopping, dining, and everyday amenities, this home delivers exceptional accessibility for work, healthcare, and recreation.
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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 |
|---|---|---|---|
| Jun 3, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Price Decreased |
$279,900
↓ $15K
(5.1%) | |
| Price Decreased | |||
| Mar 28, 2026 | Price Decreased |
$294,900
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by Keller Williams Realty Lone St | $299,900 | |
| Listed by Keller Williams Realty Lone St | |||
| Jan 16, 2022 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017