346 3rd St
About This Property
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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 |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Aug 3, 2024 | Price Decreased |
$450,000
↓ $13K
(2.7%) | |
| Price Decreased | |||
| Aug 3, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by RE/MAX ALLIANCE | $462,500 | |
| Listed by RE/MAX ALLIANCE | |||
| | |||
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$12,500 PRICE REDUCTION! Beautifully remodeled home with big back yard and only two blocks from restaurants and shops in Downtown Frederick! The kitchen has new slab quartz counters and new stainless appliances and great space and storage room! LVP flooring in the kitchen and dining room, as well as the 2nd bedroom and bathroom! The main floor bathroom has been updated! Newer windows and new motorized window coverings! New lighting! Spacious primary bedroom with great closet space! The finished basement has a wonderful family room and a 3rd bedroom along with a 3/4 bathroom! This house has a new furnace and central air-conditioning! New sewer line from the house to the alley! Great 1 car garage is attached and there is room for RV or extra off-street parking to the side of the garage! The backyard is spacious, perfect for games, and the covered back patio is ideal for summertime grilling! There are two storage sheds in the back yard for extra storage! All appliances are included! As an added bonus this house is located in a special zoning district, Downtown B, which offers additional building and use possibilities! This is a perfect home, and just a short walk to all that Downtown Frederick offers!
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| Mar 8, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017