501 High Street
About This Property
Thoughtfully updated while preserving its 1920s charm, the home combines the character of an older property with important improvements to its major utilities and everyday functionality. Approximately four years ago, updates included full-home PEX plumbing, electrical wiring, flooring, interior paint, kitchen countertops and backsplash, kitchen appliances, bathroom floor tile in both baths, a vanity, pedestal sink, and toilets. The roof is less than 10 years old.
Inside are two living areas, a dedicated dining space, charming kitchen, and ample storage throughout. Outside you'll find a 2-car carport, large driveway, spacious patio, mature trees, and two versatile outbuildings. One is a storybook-style shed with creeping vines, while the second is equipped for a functioning sink and electricity making it ideal for a workshop, studio, or storage.
The property backs directly to a large park, serves as a convenient school bus stop, and is minutes from Eufaula Cove Marina and downtown shopping and dining.
Virtually staged photos are used throughout to showcase the home's possibilities, including refreshed furnishings and the potential of the outdoor spaces with some cleanup, improvements, and vision. Buyers should view the property in person to appreciate its current condition and imagine what they could make it.
Title work is current and complete, allowing for the possibility of a quick closing. Property is being sold as-is, where-is, with the new price reflecting the known exterior repairs. A wonderful opportunity to own a piece of Eufaula's character while enjoying key updates already completed for modern-day functionality.
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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 2, 2026 | In contract | - | |
| In contract | |||
| Aug 24, 2026 | Price Decreased |
$158,000
↓ $2K
(1.3%) | |
| Price Decreased | |||
| Apr 29, 2026 | Listed by Lakeside Real Estate | $160,000 | |
| Listed by Lakeside Real Estate | |||
| Apr 8, 2024 | No longer available | - | |
| No longer available | |||
| Mar 9, 2024 | Price Decreased |
$159,000
↓ $1K
(0.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017