62
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500 Gaines School Road
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 |
|---|---|---|---|
| Sep 11, 2026 | Listed by Corcoran Classic Living | $389,000 | |
| Listed by Corcoran Classic Living | |||
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Apr 9, 2018 | Listed | $265,000 | |
| Listed | |||
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Commercially zoned, 1930's 1.5-story renovated home on high traffic 4-lane corridor. Old brick patio and front porch with bed swing. Oak and heart pine floors, period restored baths, one with retro-style, 2-tone blue hexagonal tile floors, and subway tile shower, 2nd bath is all heart pine walls/ceiling/floor and claw foot tub in master, heavily wooded pine sunroom, large living room, formal dining room and eat-in-kitchen nook, galley style kitchen with heart pine base cabinet and beautiful organic green tile and farmhouse sink. Large bedrooms with tall ceilings, entire upstairs is one huge bedroom, or could be rec room or home theater space. Studio space and workshop in huge barn. Newer HVAC, new water and sewer lines and architectural shingle roof, new exterior paint in 2013. This could be a great 'live-work' property. It sits next to an 8 acre field/tract owned by Hospital Authority of Clarke County. Owner is a licensed real estate agent in the State of Georgia. Property cannot be shown before April 16.
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| Nov 15, 2002 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017