356 Heironimus Lane
About This Property
The 1,568 SF home is move-in ready with fresh interior paint, updated plumbing, central heat and air, and an open-concept layout designed for everyday functionality. Inside, you'll find 3 bedrooms and 3 full bathrooms, including two private primary suites-ideal for guests, multigenerational living, or flexible use. The kitchen comes fully equipped with stove, refrigerator, and dishwasher, while the expansive wrap-around porch offers a natural extension of the living space, perfect for relaxing and taking in the setting. An interior-access storm cellar adds an extra layer of security during Texas weather.
The improvements extend well beyond the home. A 30x30 workshop with electricity and three roll-up doors provides excellent utility for equipment, projects, or storage. The 50x50 dry barn is well-suited for horses or livestock, complemented by a pig pen, shaded chicken coops with water and electricity, a duck pond, and approximately 2.5 acres of fenced pasture. Existing livestock-pigs, chickens, and ducks-are negotiable.
Additional features include a 20x20 metal carport and a fully insulated brick outbuilding with AC and electricity, offering flexible space for an office, hobby room, or additional storage. A rebuilt well house and a $14,000 triple-filtration system ensure a reliable supply of clean, high-quality water. The seller is also including a 2016 Gravely ZT50 zero-turn mower, making maintenance straightforward from day one.
This is a true turnkey mini-farm-combining usable land, functional improvements, and a home that retains its original charm while delivering modern comfort.
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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 |
|---|---|---|---|
| Aug 15, 2026 | Price Decreased |
$450,000
↓ $19K
(4.1%) | |
| Price Decreased | |||
| Jul 18, 2026 | Price Decreased |
$469,000
↓ $20K
(4.1%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by Bertholf Commercial Real Estate | $499,000 | |
| Listed by Bertholf Commercial Real Estate | |||
| Apr 8, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017