5122 MICAELA Way
About This Property
Enjoy easy access to I-85, downtown Duluth, Norcross, and a variety of shopping, dining, and entertainment options. The main level features a large, open living area ideal for gatherings, plus a recently added sunroom filled with natural light. Upstairs, the primary suite boasts a luxurious soaking tub, a separate, spacious shower, and three additional bedrooms.
The finished basement provides its own cooking space, two rooms, and a full bath, creating a perfect private area for guests or in-laws. An ideal setup for family gatherings while still maintaining privacy.
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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 |
|---|---|---|---|
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 12, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Price Decreased |
$489,900
↓ $10K
(2%) | |
| Price Decreased | |||
| Aug 1, 2025 | Listed by Virtual Properties Realty.com | $500,000 | |
| Listed by Virtual Properties Realty.com | |||
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Nestled in the heart of Duluth, this beautiful, quiet, and move-in-ready home sits in the highly regarded Gwinnett County school district. Located in The Village at Old Norcross, this spacious 6-bedroom, 3.5-bath, and fully fenced residence offers incredible flexibility with a fully finished basement-complete with a second kitchen-perfect for extended family or rental income potential. Enjoy easy access to I-85, downtown Duluth, Norcross, and a variety of shopping, dining, and entertainment options. The main level features a large, open living area ideal for gatherings, plus a recently added sunroom filled with natural light. Upstairs, the primary suite boasts a luxurious soaking tub, a separate, spacious shower, and three additional bedrooms. The finished basement provides its own cooking space, two rooms, and a full bath, creating a perfect private area for guests or in-laws. An ideal setup for family gatherings while still maintaining privacy.
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| Oct 14, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017