423 Phelps St
About This Property
Inside, you'll find bright, sun-filled living spaces, updated finishes, and a functional layout designed for everyday comfort. Large front windows allow natural light to pour in, creating a warm and welcoming atmosphere throughout the home.
The property also features a long driveway for convenient off-street parking, fresh exterior improvements, and a spacious yard ready for entertaining, gardening, or future customization.
Whether you're a first-time buyer, looking to downsize, or seeking a turnkey investment opportunity, this move-in-ready home offers comfort, simplicity, and value in one thoughtfully updated package.
Schedule your showing today and see the potential for yourself.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 15, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 23, 2026 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Apr 8, 2026 | Price Decreased |
$250,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Feb 13, 2026 | Listed | $260,000 | |
| Listed | |||
| Oct 31, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017