475 Weber Boulevard S
About This Property
The main home includes 3 bedrooms, 2 bathrooms, an attached 2-car garage, and a detached garage or storage building with a second floor currently used for storage. The detached structure was originally built in the 1960s and was previously used as a residence before the current owner built the main home. It was constructed with plumbing, electricity, and its own septic system. There is potential to convert the upper level into something nice, subject to county permitting and buyer due diligence.
The lot is square with 331 feet of frontage, offering privacy and usable space. It is mostly cleared and appears to be high and dry.
This property is priced to sell and presents a great opportunity for a builder, investor, or buyer willing to put in some work. The property is being sold AS IS. Buyer must accept the property in its current condition. The seller will not make any repairs, improvements, or perform cleaning prior to closing.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Listed by RE/MAX Hallmark Realty | $699,000 | |
| Listed by RE/MAX Hallmark Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017