5137 W Avenue L
About This Property
Set in a peaceful neighborhood, the expansive lot provides ample room for outdoor living, gardening, and future possibilities. Inside, the open layout offers flexibility to create inviting spaces tailored to your lifestyle-whether it's relaxing evenings or lively get-togethers.
**This home is packed with high-value, energy-efficient upgrades.** It features a **fully paid-off solar system valued at nearly \$50,000**, complete with a **backup battery system**-a major benefit for long-term savings and energy security. You'll also enjoy a **tankless water heater with a recirculation loop**, and a **whole-home water filtration system**, ensuring everyday comfort and efficiency.
The kitchen comes equipped with an **upgraded stove, dishwasher, and refrigerator**, while the **washer and dryer are included**, making your move seamless and stress-free.
Outside, you'll appreciate a **shed on a concrete pad** for added storage, a **50-amp RV plug** in the backyard, and a **240V/30-amp EV outlet** in the garage-ideal for electric vehicle owners and adventure seekers alike.
More than just a house, this is a place to thrive-where modern conveniences, smart investments, and space to grow come together. **Experience the lifestyle you deserve in a home that truly stands out.**
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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 | |||
| Jun 27, 2025 | In contract | - | |
| In contract | |||
| Jun 8, 2025 | Price Decreased |
$599,000
↓ $40K
(6.3%) | |
| Price Decreased | |||
| May 30, 2025 | Price Decreased |
$639,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| May 12, 2025 | Listed by Berkshire Hathaway HomeServices Troth, Realtors | $649,000 | |
| Listed by Berkshire Hathaway HomeServices Troth, Realtors | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017