409 Measures Road
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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Price Decreased |
$549,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Apr 9, 2026 | Listed by Arise Capital Real Estate | $559,000 | |
| Listed by Arise Capital Real Estate | |||
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Welcome to your dream property—where the possibilities are endless! This beautiful 3-acre, fully fenced property located on a dead-end street features a keypad and remote-controlled gated entry for both privacy and convenience. Spend your mornings or evenings relaxing on the patio, taking in the views of mature trees that offer great shade and seclusion. With plenty of cleared land and sandy soil, it’s perfect for horses or just enjoying the outdoors with family and friends. The property also comes with three additional structures, giving you tons of flexibility. The three-sided barn has great potential for two stalls with turnouts. The detached two-car garage is equipped with full HVAC, cabinetry, 50 AMP RV plug, and water to the exterior wall—making it just a few projects away from a second living space or guest quarters. Just steps from the main home, you’ll find your own private gym with a window unit to keep things comfortable. The home itself has been thoughtfully updated, blending the charm of its original design with today’s modern farmhouse style. Inside, you’ll find abundant storage three spacious bedrooms, beautifully finished bathrooms, a stunning kitchen, and a beautiful space to gather with loved ones featuring vaulted ceilings, exposed beams, and an impressive stone Fireplace. In addition to the interior updates the roof was replaced 3 years ago giving you added peace of mind. All of this is located just minutes from highly sought-after Peaster ISD schools, with NO HOA. Come see it for yourself and imagine the possibilities!
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| Sep 9, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017