4122 NW 59TH TERRACE
About This Property
The renovated kitchen features quartz countertops, soft-close Craftsman-style cabinetry, Whirlpool stainless steel appliances, and an air-fry oven, with a custom built-in in the dining area adding both character and functionality. A Renewal by Andersen sliding door opens to the screened back porch, where you can relax and enjoy the peaceful green space with no rear neighbors.
The spacious primary suite offers vaulted ceilings, a large bay window, direct patio access through a second Renewal by Andersen sliding door, two closets including a walk-in, and plenty of room for a reading nook, office, or sitting area. Two additional bedrooms and a full guest bath complete the split-bedroom layout.
Major improvements include a new roof installed in April 2025, along with a 2019 HVAC system and gas water heater. Conveniently located near shopping, dining, I-75, Meadowbrook Elementary, and Buchholz High School, this move-in-ready home offers an ideal combination of updates, comfort, and Northwest Gainesville convenience.
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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 |
|---|---|---|---|
| Nov 7, 2026 | Price Decreased |
$334,900
↓ $14K
(4%) | |
| Price Decreased | |||
| Sep 26, 2026 | Price Decreased |
$349,000
↓ $8K
(2.2%) | |
| Price Decreased | |||
| Sep 8, 2026 | Listed by ATRIUM REALTY, LLC | $357,000 | |
| Listed by ATRIUM REALTY, LLC | |||
| Feb 9, 2026 | Sold | ||
| Sold | |||
| Dec 22, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017