515 Pine St
About This Property
The upper/main residence features 2 bedrooms, 2 bathrooms, a bright living room, formal dining room, galley kitchen with a cozy breakfast nook, and a convenient main-floor laundry room. The functional floor plan provides comfortable everyday living with plenty of natural light.
The garden-level residence offers 1 bedroom with a spacious walk-in closet, 1 bathroom, a welcoming living room, dining area with a breakfast bar open to the kitchen, and its own laundry room, making it ideal for rental income, multi-generational living, or guest accommodations.
The property includes a shared natural gas service, while each residence has separate electric, water, sewer, and trash utilities for added convenience. A utility closet serving both units is located on the lower level.
Outside, you'll find a detached one-car garage, a one-car carport, and additional off-street parking. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this versatile property offers flexibility and excellent potential in the heart of Julesburg.
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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 2, 2026 | Listed | $178,000 | |
| Listed | |||
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | Listed by Benson Ag Land Realty LLC | $157,000 | |
| Listed by Benson Ag Land Realty LLC | |||
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A 1 story pyramidal-roof house built in 1914, this house has been renovated from 2 apartments back into a main floor residence of 1,352 sq. ft. with 2 bedrooms and 2 baths. The basement residence of about 1,200 sq. ft. has been kept with 1 bed and 1 bath. Both levels have full kitchens and living rooms. The main floor residence features 2 renovated 3/4 baths with new fixtures, toilets, flooring, paint, and shower stalls. The main floor kitchen received new flooring and wall finishes, plus new cabinets, backsplash, countertops, and dishwasher. New vinyl plank floors on much of the main floor with new carpet in the bedrooms.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017