4253 Third Avenue
About This Property
The exterior of the property is a true outdoor haven, surrounded by mature trees that provide excellent shade and a peaceful atmosphere. A standout feature of the massive backyard is the oversized detached workshop and storage shed, which comes equipped with both power and water. Located just minutes from local shopping, the University of West Florida, and multiple public boat launches, this HOA-free property offers endless possibilities for modern country living.
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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 |
|---|---|---|---|
| Aug 23, 2026 | Relisted | $135,000 | |
| Relisted | |||
| Aug 4, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by Coldwell Banker Realty | $135,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 7, 2021 | No longer available | - | |
| No longer available | |||
| Dec 17, 2020 | Listed | $90,000 | |
| Listed | |||
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This property has it all!!! Located on a 1 acre parcel in a quiet but central spot with beautiful mature Cyprus, Oaks and Magnolia trees, close to everything including Pensacola, UWF, Milton and 2 local boat launches with access to River and also Escambia Bay. The Home has been remodeled to include Beautiful Hardwood floors in the living area, 2nd bedroom as well as the Master bedroom which also includes a large walk in closet! Large tile throughout the kitchen and dining area as well as both en suite Master bathroom and second bathroom which also boasts tiled showers. The Spacious Kitchen has beautiful white Kitchen cabinetry and darker countertops an also includes a large pantry for ample storage. Outside on this huge lot is a large 18 x26 workshop/storage shed complete with water and power that could possibly converted in to an in-law suite/ rental unit! this wont last long, property could also be subdivided pending county approval. Call now and schedule an appointment! The manager has listed the unit size as 924 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017