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515 WALNUT STREET
About This Property
The detached workshop boasts a brand-new 2026 metal roof, power, and interior/exterior lighting-ideal for storage, hobbies, or workspace. The concrete pad is the perfect place to park your projects, toys, or define an entertainment space with seating and a fire pit! With no HOA and convenient access to shopping, schools, and downtown Auburndale, this property is perfect as a primary residence or investment opportunity. Schedule your private showing today!
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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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Price Decreased |
$206,000
↓ $4K
(1.9%) | |
| Price Decreased | |||
| Dec 16, 2025 | Listed by KELLER WILLIAMS REALTY SMART | $210,000 | |
| Listed by KELLER WILLIAMS REALTY SMART | |||
| Sep 13, 2024 | Sold | ||
| Sold | |||
Property Highlights
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About Auburndale Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017