503 Central Avenue
About This Property
Enjoy quiet mornings and relaxing evenings on the screened porch, or make use of the enclosed front porch for year-round enjoyment. The interior has been freshly painted throughout, and major recent updates provide peace of mind, including a new roof (2025), new HVAC system (2025), and a refreshed basement. There is also potential for hardwood floors beneath the current flooring.
Additional highlights include a detached two-car garage and an extra storage shed, perfect for hobbies, a workshop, or additional storage.
Ideally located in the heart of Butner, this home sits directly on the 1.2-mile walking greenway and is within a short walk to Gazebo Park and the NEW Butner Performance Stage, placing outdoor recreation, live performances, and community events just steps from your front door.
A rare opportunity to own a well-cared-for brick home in one of Butner's most desirable and walkable locations.
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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 |
|---|---|---|---|
| Apr 15, 2026 | Sold | ||
| Sold | |||
| Feb 26, 2026 | In contract | - | |
| In contract | |||
| Feb 19, 2026 | Listed by Coldwell Banker HPW | $340,000 | |
| Listed by Coldwell Banker HPW | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017