511 Noel Ave
About This Property
Over $45,000 worth of improvements! New roof, gutters, and exterior paint in 2024. Newer HVAC system which includes a whole house humidifier. New garage door with W-Fi enabled opener.
The inviting main living room features a cozy gas fireplace, ceiling fan, and soft carpeting-perfect for relaxing evenings or gathering with loved ones. Just off the living space, the kitchen offers wood flooring, a large pantry, eat-in bar seating, and newer stainless appliances, including a Frigidaire refrigerator and dishwasher. A dedicated dining room provides additional space for meals and entertaining.
Upstairs, the primary suite is a spacious retreat with a walk-in closet, a 5-piece en suite bath featuring a soaking tub, and charming touches like a decorative chandelier and ceiling fan. Two additional bedrooms share a full bath, making the layout ideal for families, guests, or work-from-home needs. Enjoy this bright and cheerful space that's perfectly located for enjoying all that Longmont has to offer!
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jul 19, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$550,000
↓ $25K
(4.4%) | |
| Price Decreased | |||
| Jun 7, 2025 | Price Increased |
$575,000
↑ $25K
(4.6%) | |
| Price Increased | |||
| May 28, 2025 | Listed | $550,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017