3875 SE 118TH LANE
About This Property
The kitchen features newer custom appliances, and an oversized island with breakfast bar seating. The primary en-suite offers a relaxing retreat. Designed with the equestrian enthusiast in mind, the property boasts a 15-stall center-aisle barn with a metal roof, tack room, wash area, and six well-maintained paddocks giving space for your horses to roam and graze. Just 20 minutes from the World Equestrian center, this farm provides everything needed for training, boarding, breeding, or simply enjoying your own horses. The sprawling acreage provides ample room to expand your equestrian facilities,
Ideally located just minutes from shopping, dining, medical facilities, this remarkable farm offers the tranquility of country living with easy access to everyday amenities. This is not just a farm, but an equestian lifestyle where wide-open spaces, towering oaks, and unforgettable sunsets create the perfect backdrop for your next chapter.
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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 11, 2026 | Price Decreased |
$875,000
↓ $24K
(2.7%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| Jul 24, 2026 | Listed by TCT REALTY GROUP LLC | $924,500 | |
| Listed by TCT REALTY GROUP LLC | |||
| Jun 29, 2020 | Sold | ||
| Sold | |||
| May 30, 2020 | No longer available | - | |
| No longer available | |||
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About Marion
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017