409 Main St
About This Property
Listed By
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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 |
|---|---|---|---|
| Jan 2, 2026 | Listed by RE/MAX of Boulder, Inc | $484,000 | |
| Listed by RE/MAX of Boulder, Inc | |||
| Aug 24, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Aug 21, 2025 | Price Decreased |
$477,000
↓ $13K
(2.7%) | |
| Price Decreased | |||
| Jul 28, 2025 | Listed by RE/MAX Advanced Inc. | $490,000 | |
| Listed by RE/MAX Advanced Inc. | |||
| | |||
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Price reduction for this incredible Turn-of-the-Century ranch home in Historic Mead on 1/3 acre premium lot. This updated and move-in-ready home is ready for 1st time home buyers, investors, mixed-use zoning, business and commercial opportunities, space to expand and build, make an addition for ADU living, room for more outbuildings/second home/or a second additional shop, and huge garden potential. Steps away from the vibrant OLD TOWN MEAD, across the street from the beautiful CITY PARK, and quick access to I-25. Rare opportunity to own land+location+flexibility. Mineral rights are also included in the purchase of this charming residence. You'll also love all the updates to this exceptional, light filled home that includes recent improvements such as new roof(2023), tankless water heater, active radon system, Central A/C(2024), original wood floors, quartz countertops, and a cozy wood burning fireplace. All-in-all one can't beat the price and amenities this property has to offer. No HOA and No Metro Tax District. Set up a showing today.
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| Jul 12, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017