403 Morgan Drive
About This Property
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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 |
|---|---|---|---|
| Mar 4, 2026 | Sold | ||
| Sold | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Dec 17, 2025 | Listed by Great Lakes Real Estate Inc. | $399,900 | |
| Listed by Great Lakes Real Estate Inc. | |||
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OPEN HOUSE CANCELED Wednesday 1/7 from 5-7. Check back for a reschedule date Owners Transferring! They would prefer to stay in their “forever” home but are sadly relocating affording a rare opportunity to own this spacious 3/4 BR, 2.5 bath, 2,400+ sq. ft. split-level home located steps from the Niagara River and boasts a versatile floor plan with an abundance of natural light, storage & updates (2023-roof, gutters, boiler/hot water combo, electrical, 2025-primary bath & LVT. Newer windows and central air ensure comfort throughout in every season. Vaulted ceilings in the large living room showcase a stunning floor-to-ceiling stone fireplace, creating a dramatic yet welcoming focal point. Plenty of natural light floods the updated kitchen, dining area and 4-season sunroom (w/sliding glass doors to the backyard & raised garden beds) The upper-level features 3 bedrooms & 2 full baths (primary bath updated in 2025), cedar closet & gleaming hardwood floors. Descend to the lower level and find a 23’x17’ family room with cozy fireplace, wet bar, potential 4th BR/office/bonus room, ½ bath. This space is perfect for entertaining, hosting out-of-town guests or in-law space. Sliding glass doors off the family room lead to a covered patio with hot-tub set-up. Additional features include a 2-car attached garage (pull down stairs for extra overhead storage), large corner lot, partially fenced yard, heated & cooled shed (wood-burning stove, air conditioning unit) refrigerator, satellite dish (she-shed, man-cave, sports room or teen space!). Enjoy the local scenic walking & biking trails, Art Park, Village restaurants, shops and festivals. Natural light fills the home, enhancing its inviting atmosphere and thoughtful design. Easy to show. Inside is a delight!
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| Jul 17, 2024 | Sold | ||
| Sold | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017