505 Reed Street
About This Property
Listed By
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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 21, 2026 | Listed by Allie Beth Allman & Associates | $1,335,000 | |
| Listed by Allie Beth Allman & Associates | |||
| Jul 14, 2022 | Sold | ||
| Sold | |||
| Aug 26, 2021 | Listed by Ebby Halliday, REALTORS | $325,000 | |
| Listed by Ebby Halliday, REALTORS | |||
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Only 8 oversized lots within walking distance from restaurants, shopping, live entertainment, movies, and the Roanoke Recreation Center. Enjoy famous Farmer’s Market in the morning and taking in a live concert at night with no need to step foot in a car! Walk to Oak Street just four blocks away and you’re in the dining capital of Texas! Wide lots up to 0.70 acres with ample space to build estate homes with oversized backyards. Design and build your dream home with a boutique high-end design,build firm specializing in unique custom designs. Buyer may also choose to purchase lot and bring own builder. This is a very rare opportunity to build new construction within old town Roanoke.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017