506 Montgomery Place
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 |
|---|---|---|---|
| Oct 7, 2025 | Sold | ||
| Sold | |||
| Sep 4, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by Jemm Realty | $315,000 | |
| Listed by Jemm Realty | |||
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Convenient location in lower Paradise for a quick commute to Chico, yet still tucked away to feel very private. Whether you're downsizing or seeking a peaceful retreat, this home checks all the boxes. Located in Paradise's quiet gated 55+ neighborhood, this charming home is bright and airy with raised ceilings, new flooring and paint, upgraded appliances, built ins throughout and granite slab countertops in the kitchen and bathrooms! Newly remodeled master suite includes a spacious shower and walk in closet. The living room with gas fireplace flows easily into the chef's dream kitchen complete with luxury plank flooring and patio door to the cute easy keeping fenced yard, perfect for a small pet or garden beds. The front landscaping is cared for by the association, which also features a pool and clubhouse right across the street! Great common area for active seniors includes a jacuzzi, shuffleboard and community room for potlucks. The board just approved a clubhouse remodel to include a new Bocce Ball court! Come join this active senior community!
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| Mar 20, 2021 | No longer available | - | |
| No longer available | |||
| Feb 1, 2021 | Relisted | $348,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017