379 Madison
About This Property
Included is a 2-bedroom, 2-bath living space with an in-ground pool, providing on-site residential convenience. The land also offers a prime building site for a future home or the option to subdivide into up to several tracts of valuable real estate.
Important note: The primary roof has sustained significant water damage, and remediation will be required-priced accordingly to reflect this opportunity.
Outside of its business potential, this property is equally appealing as a private homesite, featuring flat usable land and a pond, making it a rare blend of functionality and future growth.
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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 |
|---|---|---|---|
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by Epique Realty | $350,000 | |
| Listed by Epique Realty | |||
| Aug 4, 2025 | Price Decreased |
$375,000
↓ $24K
(6%) | |
| Price Decreased | |||
| Jun 24, 2025 | Listed | $399,000 | |
| Listed | |||
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Rare 11.5-Acre Multi-Use Property with Incredible Potential – Durant, OK
Opportunity awaits with this expansive 11.5-acre property, ideally situated near the Durant bypass and Hwy 69/75, offering quick access to the Choctaw Casino and North Texas. This prime location is enhanced by its existing infrastructure, making it a versatile investment for numerous uses.
Key features include a massive 3,476/sq. ft. of single-family building space (Court House), with 3 extra-large shop areas (2 attached, 1 detached) with a total of 5 overhead doors, 600 amps of electric service, and spray foam insulation. The property has recently been operated as a medical cannabis grow and processing facility, this setup can be revitalized for similar operations or easily adapted for other purposes with minimal investment.
Beyond its commercial potential, the property boasts a cozy 2-bed, 2-bath living space complete with a kitchen and living room, making it perfect for an owner-operator setup or guest accommodations. The backyard features an in-ground pool and a serene pond with a dock, surrounded by mature fruit trees, creating an inviting retreat for relaxation.
This land is mostly cleared and already subdivided into 7 separate tracts, offering substantial development or resale options. Potential uses include:
Agricultural – Ideal for greenhouse farming or small-scale orchards.
Residential – Build homes on subdivided tracts for a small rural community.
Mixed Use – Maintain existing infrastructure and explore alternative income streams.
The home and attached shop does require some cleaning and water remediation in areas impacted by water damage, making it the perfect project for buyers looking to add value.
This property is priced to sell, presenting a rare investment with versatility, ideal location, and endless possibilities. Don’t miss the chance to transform this unique property into your next venture or dream escape!
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| Jan 2, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017