481 Main Street
About This Property
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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 5, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | Price Decreased |
$479,000
↓ $20K
(4%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by Carey-Dean Real Estate | $499,000 | |
| Listed by Carey-Dean Real Estate | |||
| Jun 14, 2025 | Listed | $549,000 | |
| Listed | |||
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Incredibly rare investment opportunity located right on Main Street in the heart of downtown Clermont, one of North Hall County's most sought-after areas. Just 20 minutes from Gainesville, yet far enough to enjoy the quiet and avoid heavy traffic, this versatile property offers endless potential. It features three separate residences: a 3-bedroom, 2-bathroom home (formerly a duplex and easily convertible back), plus a duplex with two 2-bedroom, 1-bathroom units. That's the potential for up to four rental units on one property-perfect for investors or homeowners looking to live in one and rent the others. With consistently high rental demand in the area, these units stay occupied and generate steady income. Whether you're expanding your portfolio or looking for a unique live/rent setup in a charming, walkable downtown location, this property checks all the boxes. if you have been waiting on your next investment, this is it!! Call us to see this one! Tenant occupied, do not disturb the tenants- appointment only.
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| Apr 13, 2024 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017