4341 W Rice Pl
About This Property
Downstairs, the lower level opens to a generous entertaining room-perfect for a future media lounge, game room, or second living space-plus direct access to the garage. Two additional bedrooms and a 3/4 bath offer flexibility for guests, multi-generational living, or office space, and the utility/laundry area adds practical storage and work space for renovation projects.
Outside, enjoy the good-sized deck overlooking the yard with room to landscape, garden, or create an outdoor hangout, and the shed is ready for tools and gear. The home features a brick exterior, architectural shingles replaced within the last 10 years, and the sewer line has been maintained. Ideal for investors or hands-on buyers who want to transform potential into real value. Convenient to Bow Mar Heights Park, plus nearby shopping, dining, and commuter routes, this is your chance to renovate in a location people already love.
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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 |
|---|---|---|---|
| Feb 19, 2026 | Sold | ||
| Sold | |||
| Feb 4, 2026 | Listed | $475,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017