4684 County Road 5
About This Property
The finished lower level extends the home's living and entertaining spaces with two large conforming bedrooms and a dedicated theater room featuring an acoustically transparent 132-inch screen and a custom overhead starscape. A second laundry area and three-car attached garage, pre-wired for EV charging, add to the home's thoughtful functionality. The steel-frame workshop is an extraordinary asset that includes an office, full bath and loft space for endless possibilities! Another opportunity is a pre-approved ADU with water and electric already extended to the site, creating potential for future guest accommodations, multigenerational living or additional private space. No HOA and no metro district, located just minutes from Erie High School and Soaring Heights has easy access to I-25 and the restaurants, shops and community amenities of historic Downtown Erie.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Sold | ||
| Sold | |||
| Aug 22, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | Listed | $2,195,000 | |
| Listed | |||
| Jul 8, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Apr 2, 2026 | Price Decreased |
$2,275,000
↓ $75K
(3.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017