444 Monroe Drive
About This Property
Perfect for first time homebuyers or Investors looking for a return on their investment.
Main house rent $1350/month &separate apartment rent for $650/month generating up to$2000/month.
Tastefully renovated including:
*demo floor throughout
*replaced old cast iron main drain and all new water lines with new valves
*reframed joists under bathroom floor and east bedroom
*scrape all popcorn, mud, sand and pain ceilings and all interior walls
*power washed and painted all exterior of house and guest house
*install new flooring throughout including bathroom & shower walls
*new kitchen cabinets and granite kitchen/ bathroom
*new appliances & plumbing
*new lights & fans
*paint int
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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 |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Feb 13, 2026 | Listed by KW Reserve Palm Beach | $444,000 | |
| Listed by KW Reserve Palm Beach | |||
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Step into a world where historic character meets contemporary elegance in this captivating West Palm Beach residence. The main house is a 2 bed 1 bath plus Florida room with a detached efficiency out back (studio + full bath). A charming front porch leads you through a wood arched door into a light-filled interior defined by stunning wide-plank wood-look flooring and a sophisticated neutral palette. The expansive living room serves as a grand centerpiece, anchored by a stately decorative fireplace with a crisp white mantel and illuminated by beautiful arched windows that frame views of the tropical surroundings. This seamless layout flows effortlessly into a refined dining area, perfectly positioned for hosting intimate gatherings. The heart of the home is a stylish, gourmet kitchen that will inspire any chef. It features sleek white shaker cabinetry, granite countertops, and a modern subway tile backsplash that complements the full suite of stainless steel appliances, including a gas range and French-door refrigerator. Retreat to the private quarters where the primary bedroom offers a peaceful sanctuary with generous space and continued modern flooring. The well-appointed bathrooms have been tastefully modernized with elegant tile work and updated vanities that stay true to the home's classic roots.
The property's allure extends to a versatile Florida Room, providing the perfect separate space for a home office, creative workshop, or private gym. Outside, the fenced-in front yard and long driveway provide exceptional curb appeal and ample off-street parking. The expansive backyard offers a massive concrete patio area and a separate storage shed, providing endless possibilities for outdoor entertaining or further expansion. Located just minutes from the vibrant energy of downtown West Palm Beach and the scenic Intracoastal waterway, this unique property offers a rare combination of historic charm and functional flexibility.
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| Mar 14, 2019 | Sold | ||
| Sold | |||
| Aug 23, 2018 | Listed by Beach Town Real Estate LLC | $238,900 | |
| Listed by Beach Town Real Estate LLC | |||
| Mar 21, 2018 | Sold | ||
| Sold | |||
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About Dellawana Place
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$8,250 /mo
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$5,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017