518 4th Street
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 |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Dec 2, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by Keller Williams Platinum | $210,000 | |
| Listed by Keller Williams Platinum | |||
| May 28, 2025 | Listed | $219,900 | |
| Listed | |||
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Discover coastal living in this charming 2-bed, 2-bath home near Galveston and Trinity Bay. Nestled among mature trees, it includes a Conex storage shed and a converted studio with electricity, perfect for a workspace or guest suite. The open-concept living area features large dormer windows in the living room, filling the space with natural light. The island kitchen offers an electric range, breakfast bar, tile backsplash, and a walk-in pantry, seamlessly connecting to the dining and living areas. The serene primary suite boasts dual sinks and a walk-in shower. Enjoy the sea breeze from the covered porch with a porch swing. For privacy, the home faces the backyard and studio. This Smart Home includes a SimpliSafe security system, app-controlled thermostat, and keyless entry. Built in 2021, it features a cement foundation and custom skirting, an upgrade that sets this home apart. Located off Hwy 146, near Galveston, Kemah Boardwalk, Tanger Outlets, and marinas. Zoned Dickinson ISD.
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| Mar 19, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017