503 Malone 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 |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Jan 24, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by RE/MAX Elite Properties | $380,000 | |
| Listed by RE/MAX Elite Properties | |||
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Charming Old Town mixed-use property with two houses in need of updating. Ideal for a business opportunity with a prime location in the heart of Tomball. Enjoy THE GERMAN FEST PLAY from home, walk to local pubs, boutiques, and restaurants, and explore the Farmers Market. This vibrant town offers a fantastic lifestyle for residents and entrepreneurs alike. Perfect for starting your roots in a bustling community. Don't miss out on this great investment opportunity!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017