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Map
4978 Oleta
About This Property
If you've been searching for an affordable property with room to grow, this is the one you've been waiting for! Situated on **two separate parcels totaling 5 acres**, this desert retreat offers over **1,000 square feet** of living space featuring **2 bedrooms, 1 bathroom**, and a detached workshop-perfect for hobbies, storage, or your next big project.
Yes, the home could use some cosmetic updating, but that's exactly what makes this property such an incredible value. Whether you're looking for a weekend getaway, investment opportunity, off-road basecamp, homestead, or a place to create your own desert oasis, the possibilities are virtually endless.
Enjoy wide-open skies, peaceful surroundings, and plenty of room to expand, store your toys, or simply escape the hustle and bustle of city life. With two parcels included, ample usable land, and an unbeatable price, opportunities like this don't come along often.
Bring your imagination, your toolbox, and your vision-because this hidden gem is ready to become something truly special!
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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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jul 21, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Listed by RE/MAX ADVANTAGE | $80,000 | |
| Listed by RE/MAX ADVANTAGE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017