519 N Barron Road
About This Property
Looking for additional possibilities? The city has verbally indicated that the property may have the potential to be subdivided into as many as four individual residential lots, creating an interesting opportunity for a builder, investor, or buyer looking for additional flexibility. Any development is subject to applicable city requirements and formal approval. Buyer and buyer's agent should independently verify subdivision potential, zoning, utilities, development requirements, and all other information with the appropriate authorities.
Whether you envision one private homesite surrounded by trees or want to explore the property's potential for multiple residential lots, this property offers plenty of possibilities.
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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 25, 2026 | Price Decreased |
$112,500
↓ $13K
(10%) | |
| Price Decreased | |||
| Sep 18, 2026 | Listed by Real Texas Realty LLC | $125,000 | |
| Listed by Real Texas Realty LLC | |||
| Jul 1, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 19, 2025 | Listed by Webb Kirkpatrick Real Estate, Inc | $99,000 | |
| Listed by Webb Kirkpatrick Real Estate, Inc | |||
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This is a great property featuring 2 acres close to Covington schools. There is an old home on the property that needs a lot of work but this is still a unique piece of land offering a very old storm shelter and next to that is the remnants of an old brick water well. Don't miss out on this opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017