35
Map
506 EASTERN AVE NE
About This Property
All four units are occupied but one unit can be delivered vacant for owner-occupied financing buyer. All the units are one bedroom. Big back yard and can be used for parking or maybe for future additions/extension. Close to Capitol Height Metro Station less than one mile.
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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.
You can learn more about cap rate here .
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 13, 2024 | In contract | - | |
| In contract | |||
| May 25, 2024 | Listed by Samson Properties | $675,000 | |
| Listed by Samson Properties | |||
| Sep 24, 2013 | Sold to Shaun S Brodie | ||
| Sold to Shaun S Brodie | |||
Property Highlights
506 EASTERN AVE NE
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Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
- 1 Unit for Sale
About Southeast Washington
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Samson Properties
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# DCDC2143346
