5177 Black Olive Drive
About This Property
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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 |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Listed by Real Broker Technologies | $849,000 | |
| Listed by Real Broker Technologies | |||
| | |||
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TWO homes on one lot! Welcome to 5177 & 5169 Black Olive Drive, a rare opportunity to double down on comfort, convenience, and creativity in Paradise. Whether you dream of a multigenerational compound, a built-in rental income stream, or a live next to your best friend setup, this property offers flexibility, quality, and peace of mind — times two. And don’t worry they are detached because sometimes, a little breathing room goes a long way.
The larger of the two homes, 5177 Black Olive Dr, boasts 4 bedrooms, 3 bathrooms, and 1,889 sqft of beautifully designed living space. 5169 Black Olive Dr holds its own with 3 bedrooms, 2 bathrooms, and 1,374 sqft of equally stunning design — because little siblings can be just as impressive.
Both homes are built with advanced steel framing technology, making them fully non-combustible, IBHS Wildfire Prepared Home Certified, and about as sturdy and fire-resistant as modern construction gets. Translation: you get peace of mind, and your insurance agent might just send you a thank-you card.
Inside, you’ll find vaulted ceilings, Shaw pre-engineered wood flooring, and an open-concept layout so airy you might forget you’re indoors. The kitchens are decked out with Alto-style countertops, brand-new GE stainless steel appliances, and center islands so big, you’ll finally have space for both cooking and that puzzle you swore you'd finish.
Each home features bright bedrooms that soak in the natural light and bathrooms with sleek fixtures and contemporary tile work. And thanks to Daikin mini-split systems in every major room, you can finally settle the family thermostat wars once and for all.
Each home has 2 single-car garages, private entry, and space for gardening, lounging, or building that backyard pizza oven you've been talking about since 2020.
Designed for durability and low maintenance, both homes come with 50-year roofs, fiber-cement lap siding, and spray foam insulation for energy efficiency, sound reduction, and pest resistance.
5177 & 5169 Black Olive Drive aren’t just homes — they’re an opportunity to live smarter, cozier, and more creatively. Two thoughtfully built homes, one incredible lot, and countless ways to make it yours. Don’t miss out — properties like this don’t come around often (and when they do, they usually don’t bring a twin).
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| Mar 19, 2020 | Sold | ||
| Sold | |||
| Aug 12, 2019 | Listed by Keller Williams Realty Chico Area | $43,000 | |
| Listed by Keller Williams Realty Chico Area | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017