Perched on a knoll along a quiet country road, this well-loved
mid-century ranch has been home to the same family for more than 60
years. Its classic details evoke simpler times: after-school snacks
in the country kitchen, Thanksgiving gatherings in the formal
dining room, Christmas celebrations in the spacious living room,
and summer evenings playing cards on the enclosed three-season
porch as fireflies flicker across the yard. The primary bedroom
features a private full bath, while three additional well-sized
bedrooms offer generous closet space. A second full bath adds
convenience. Hardwood floors lie beneath the carpeting in most
rooms, and eclectic vintage touches add character throughout. The
lower level includes a playroom with gas stove perfect for chilly
days and bar once enjoyed for lively gatherings, along with a
separate workshop with wash basin, laundry area, utility space, and
well-maintained systems. Recent updates include septic fields and
oil tank A full attic allows for extra storage. The private level
backyard perfect for a pool also offers plenty of room for games,
gardening, or a swing beneath the tall shade trees. The front yard
is abundant with flowering shade trees and has a perfect hill for
sleigh riding. A small barn provides storage for bikes, sleds,
tools, and outdoor equipment, while the oversized garage offers
sheltered parking and additional storage. Ideally located just five
minutes from downtown Red Hook and 10 minutes from Rhinebeck and
Bard College, with convenient access to the Taconic State Parkway,
Amtrak, and the Kingston–Rhinecliff Bridge.
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.
Last updated: 18 days ago (OneKey MLS #KEY1036173)
Price History
Date / Event
Date
Event
Price
Sep 12, 2026
In contract
-
In contract
Aug 14, 2026
Listed by Mondello Upstate Properties
$489,900
Listed by Mondello Upstate Properties
Property Highlights
Garage
Parking Available
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Driveway, Garage, Off Street, Private, Storage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Beamed Ceilings, Built-in Features, Eat-in Kitchen, Entrance Foyer, High Speed Internet, His and Hers Closets, Recessed Lighting, Storage, First Floor Bedroom, First Floor Full Bath, Formal Dining, Open Kitchen, Original Details, Primary Bathroom, Walk Through Kitchen, Washer/Dryer Hookup
Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Range, Refrigerator, Washer
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