507 Canal 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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Inhabit Real Estate | $555,000 | |
| Listed by Inhabit Real Estate | |||
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Urban living never looked so good in a bungalow. Tucked into the lively, walkable Cleveland-Holloway neighborhood, this 2016 gem was built by Durham Building Company and pairs modern updates with classic Craftsman touches. Think cozy porch swings, unique design details, and brunch spots just around the corner. Inside, you'll find granite countertops and a rich cocoa-colored tile backsplash in the kitchen, while a mudroom-style nook with cubbies and hooks keeps everything organized. The living room features gas logs and a clever pivoting TV mount that tucks away discreetly around the fireplace. The main level primary suite features a spacious closet, and its en-suite bath is accessed through a salvaged door repurposed from a former downtown office building. The fully fenced backyard offers plenty of space to relax, complete with a deck, patio, and even a baby blueberry bush. Out front, the porch swing will become your favorite spot, perfect for unwinding and saying hello to neighbors passing by. Living here means all your downtown favorites are just a walk away--no need to worry about finding parking! Enjoy brunch at Little Bull, grab a drink at The Velvet Hippo, catch a show at DPAC, or visit the Durham Bulls stadium--all just a stroll from your front door. With a welcoming neighborhood vibe and an unbeatable location, this home provides easy access to the heart of downtown Durham. The only thing missing? You, a good book, and that porch swing.
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| Aug 10, 2016 | Sold | ||
| Sold | |||
| Jun 27, 2016 | Listed by Durham Building Company | $289,000 | |
| Listed by Durham Building Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017