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3910 Ella Boulevard
About This Property
For those seeking redevelopment, the true upside lies in the land value, making this property an excellent candidate for a teardown and custom new construction. The lot offers strong potential and is surrounded by ongoing development and newer homes.
Conveniently located near major roadways, dining, shopping, and nearby neighborhoods.
Property is being sold as-is. No repairs will be made.
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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 21, 2026 | Listed by Midland Realty Group | $410,000 | |
| Listed by Midland Realty Group | |||
| Sep 1, 2026 | No longer available | - | |
| No longer available | |||
| Jan 19, 2026 | Listed by Midland Realty Group | $439,000 | |
| Listed by Midland Realty Group | |||
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3910 Ella Blvd offers a versatile opportunity for builders, investors, or buyers looking to renovate or build new in a highly desirable area. The existing home can be renovated, and features a newer roof, providing a solid starting point for those looking to add value through improvements.
For those seeking redevelopment, the true upside lies in the land value, making this property an excellent candidate for a teardown and custom new construction. The lot offers strong potential and is surrounded by ongoing development and newer homes.
Conveniently located near major roadways, dining, shopping, and nearby neighborhoods.
Property is being sold as-is. No repairs will be made.
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| Jul 10, 2020 | No longer available | - | |
| No longer available | |||
| May 16, 2020 | Listed by Keller Williams - Houston Premier | $260,000 | |
| Listed by Keller Williams - Houston Premier | |||
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Pat yourself on the back for finding this "BEST INVESTMENT OF THE DAY"! Location, location, location! Don't miss out on this opportunity to own in Oak Forest on one of the largest lots on Ella Blvd. Move in while you upgrade, tear down, or rent for immediate return! Never flooded! No HOA or MUD! Low taxes! The manager has listed the unit size as 988 square feet.
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017