4518 47th St
About This Property
The property was purchased by a local architect, who lived in the neighborhood and knew it was a great home site. His plan was to design and build a new home and he had a new septic system sized for a 5 bedroom home installed and certified. However, unexpectedly, the Seller passed away in 2022. Current Manager/Seller has never lived at the property so cannot provide any direct knowledge about the home
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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 15, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | Listed by milehimodern - Boulder | $2,500,000 | |
| Listed by milehimodern - Boulder | |||
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A rare blend of tranquility and premier location, this 2.17-acre Boulder property offers an exceptional opportunity. Nestled in one of Boulder County's most peaceful and scenic areas, it boasts stunning views of open space and the mountains - just 10 minutes from downtown Boulder. Enjoy privacy, direct access to nearby parks, trails, and Boulder Reservoir, plus a new 5-bedroom septic system and a 1/32 share of Farmer's Ditch. Included are permit-ready plans for a 5,000-square-foot contemporary, single-story home by award-winning Surround Architecture, with landscape design by Evoke. This design seamlessly integrates luxury, nature, and modern living. Whether you're dreaming of a striking architectural statement or a serene country retreat, this remarkable parcel offers unmatched potential. Some photos are renderings representative of home + landscaping seller had designed. Additionally some photos have been altered to remove building to represent land without existing structure.
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| Dec 27, 2023 | Sold | ||
| Sold | |||
| Aug 9, 2023 | Listed by Bell Associates LLC | $1,500,000 | |
| Listed by Bell Associates LLC | |||
| Jun 5, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017