4804 Spruce Street
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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 28, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | In contract | - | |
| In contract | |||
| Jan 27, 2025 | Listed by Martha Turner Sotheby's International Realty | $550,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Nestled in a peaceful cul-de-sac in highly desirable Bellaire, this delightful 1940’s cottage exudes charm & character. With great curb appeal + a 6500 square foot (per HCAD) lot, the home offers the perfect opportunity to live comfortably now & build your dream home later. The 2nd floor 3rd bedroom is a huge, multi-purpose bedroom/living/study area complete with spacious walk-in closet/storage areas! *The homeowners have implemented many upgrades thru their many decades of ownership incl: Energy efficient windows, roof, electric panel w/J box, cement board siding, sidewalk and walkway replaced, Rainbird sprinkler system, custom handrails, front and back door replacement, window HVAC units, expansive custom decking that offers an incredible outdoor entertaining area + more! These thoughtful enhancements ensure both style & function. This is a perfect opportunity to enjoy the best of Bellaire living with room to grow in the future. Please note: This home has not flooded.*= Per Sellers
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017