3501 NORRIS PL
About This Property
Located close to main thoroughfares Russell and Glebe Roads, 3501 Norris is perfectly placed on a large corner lot - A wonderful balance of green space, delightful garden, and shaded entertaining space around the entire home. Multi-tiered patios offer plenty of spots to cool down and relax with friends and family. The grill on the patio is plumbed directly to the natural gas in the house, so you can grill as much as you'd like without ever having to worry about replacing propane tanks! The lower-level patio space features a gazebo, outdoor stone fireplace, electric space heater and TV, creating entertainment space nearly year-round.
When you're ready to bring the party inside, you and your guests are welcomed through the side door or front doors. Open to the formal dining room and spacious living room, the gorgeous kitchen is truly the heart of the home. An expansive island with granite counters centers the room, ready for your weekly meal planning or holiday hosting. A beautiful apron sink overlooks the backyard, with a stunning blue accent backsplash, and a mini dry bar with beverage chiller is just inside the dining room. Keep conversations flowing as your guests lounge in the living room by the fireplace, while you put finishing touches on the dessert!
A bright, private office with attached full bath resides off the living room, to keep your work day free of distractions.
Upstairs, the primary suite is a dream - Sunny bedroom with Cathedral ceilings, generous walk-in closet, and a spa-like bathroom with dual vanities, heated floors, and a huge STEAM shower with both rainfall and wand shower heads! A 2-level laundry chute accessed in the primary bedroom and the dining room adds ease to your daily routine. Two additional bedrooms upstairs share the full hall bathroom.
Downstairs, the lower level features a fourth bedroom with an ensuite bath, providing privacy to an au-pair or overnight guest. A comfortable recreation room is great for movie or game nights, with a large laundry / utility room located behind closed doors. A "bonus" room gives you plenty of flexibility - Use as an additional work or homework space, exercise room, or as storage galore!
A built-in garage accesses the house from the lower-level, so you'll never have to beat the rain with all your grocery bags. 30-AMP RV outlet is installed off the driveway - Easily put in an EV hookup! Conveniently located to hop on I-395 to Arlington, the Pentagon, D.C. or local roads to Del Ray, Old Town, and Shirlington for dining, shopping, and more!
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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.
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About North Ridge - Rosemont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017