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3590 HEDRICK Street
About This Property
The main level centers around a gracious living room with fireplace, formal dining room, and a downstairs office, flowing into a bright kitchen and family room designed for gathering. New wood floors add warmth throughout the living spaces, while large windows bring natural light into the home. Upstairs, generous bedrooms provide plenty of space for family, guests, or a dedicated work-from-home setup. French doors open to a large deck overlooking the fully fenced backyard, where mature landscaping creates a natural extension of the living space. The attached deep garage offers valuable storage, a particularly useful feature in a historic home.
The current stewards have thoughtfully invested in the home's infrastructure and long-term care, including updated ductwork and insulation, a vapor barrier in the crawlspace, replacement of all water supply lines, gutters throughout the home, a new sprinkler system, and a recently replaced water heater. The roof was replaced in 2017, and both HVAC systems were replaced in 2020.
Just blocks from riverfront parks and the best of Avondale, with convenient access to downtown and the interstate, this is a home with the space, setting, and enduring character to be cherished by its next stewards.
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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 20, 2026 | Listed by COMPASS FLORIDA LLC | $1,650,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| May 2, 2022 | Sold | ||
| Sold | |||
| Feb 23, 2022 | Listed by COMPASS FLORIDA LLC | $850,000 | |
| Listed by COMPASS FLORIDA LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017