0 Sheep Creek
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 |
|---|---|---|---|
| Nov 4, 2026 | In contract | - | |
| In contract | |||
| Jun 23, 2026 | Listed by New Star Realty & Investment | $350,000 | |
| Listed by New Star Realty & Investment | |||
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20 acres of land with a full of potential. Can be divided to many parcels. Public Access # of RV Spaces: 0 Zoning Description: Residential 1 Lot Location Type: Standard Location Development Status: Raw Land Miscellaneous: Other Utility Adjc to Site: Electric,Water,Telephone # of Attached Spaces: 0 # of Detached Spaces: 0 # of RV Spaces: 0
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| Jun 12, 2026 | Sold | ||
| Sold | |||
| Jun 5, 2026 | In contract | - | |
| In contract | |||
| Apr 26, 2026 | Listed by Kinetic Realty | $195,000 | |
| Listed by Kinetic Realty | |||
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Discover the potential of this beautiful 2-acre parcel of raw land located in the heart of Phelan. Situated on a desirable corner lot just one block north of the intersection of Phelan Rd and Sheep Creek Rd, this property offers both convenience and opportunity.
The lot already features a water meter, and Edison has indicated an underground conduit stub is in place at the northwest corner—adding to its development potential. With its prime location and existing utilities, this property is ideal for those looking to build or invest in a growing area.
Buyer to verify zoning, land use, gully conditions, and availability of utilities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017