3875 Poplar Lane
About This Property
The home features 3 bedrooms and 2.5 bathrooms, with hardwood flooring throughout the main living areas, updated stainless steel appliances, and an abundance of windows that fill the home with natural light. The primary suite is located on the main level, while two additional bedrooms upstairs are accompanied by a versatile bonus room--ideal for recreation, storage, or flexible use.
A small pond, fed by a natural underground spring, remains full year-round and enhances the property's peaceful setting with an abundance of hardwood trees.
The 1,200 sq ft walk-in basement offers high ceilings, durable concrete flooring, and a half bath, making it perfect for a workshop, storage, or future expansion. A wood-burning stove provides efficient supplemental heat and is vented to the upper level for added winter energy savings. The basement also presents excellent potential to be finished for additional living space.
An adjoining 2.23-acre parcel with I-40 frontage may offer a potential billboard opportunity (buyer to verify), creating a unique investment or income possibility.
This rare property combines acreage, modern construction, versatility, and a prime location--ideal for buyers seeking space, functionality, and long-term potential.
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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 |
|---|---|---|---|
| Jul 13, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Jan 19, 2026 | Listed by Prime Mountain Properties | $624,900 | |
| Listed by Prime Mountain Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017