3824 31ST STREET
About This Property
From the moment you step onto the welcoming front porch, you'll feel the unique rhythm of this special neighborhood. One of the most cherished features of the home is the front living room window - it fills the space with natural light and offers a front-row seat to the quaint street scene, a perfect spot to sip coffee and watch the world go by. Inside, the home strikes a wonderful balance between openness and separation. The kitchen and dining areas flow together beautifully thanks to a thoughtful pass-through window, allowing connection and conversation while keeping distinct spaces for different activities. Downstairs offers a comfortable retreat for relaxing, gathering, or pursuing your own quiet moment.
Upstairs, the owner's bedroom is a haven - peaceful, spacious, and perfect for restful nights. Throughout the home, thoughtful upgrades enhance both comfort and sustainability, including a recent home energy audit with improvements already implemented, a newly upgraded back porch with durable Trex decking and railings, and native landscaping designed to support pollinators and function as a low-maintenance rain garden.
Out back, the patio and yard offer a private oasis - cozy and calm with stunning sunset views. It's the ideal space for grilling, growing vegetables, or simply unwinding with friends. And thanks to the right-sized footprint, you'll never feel overwhelmed by maintenance.
Beyond the property itself, the Mount Rainier community is the true treasure. Friendly neighbors, a creative spirit, and an incredible location make this a place you'll never want to leave. You're just a few blocks from local favorites like Pennyroyal Station and Era Wine Bar, as well as Mixt Food Hall, which offers everything from daily happy hours and Vigilante coffee to rotating events and pop-ups. The Gateway Farmers Market, started by a neighbor, has become a Saturday morning ritual, packed with local vendors, crafts, and community fun.
Outdoor lovers will appreciate the easy access to the Northwest Branch Trail, which connects seamlessly with the Anacostia River Trail system and beyond - perfect for biking, running, or walking through the natural beauty of Maryland and nearby DC.
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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 Mount Rainier
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017