5259 SE 38TH STREET
About This Property
Welcome home to this spacious 3-bedroom, 3-bath residence featuring over 2,800 square feet of thoughtfully designed living space. Step through the double front doors into a welcoming foyer that opens to the formal living and dining room. Continue into the inviting family room, where a cozy fireplace creates the perfect gathering space. Just off the entry, a dedicated office or den provides the ideal space for working from home, hobbies, or a quiet retreat.
The kitchen is designed for both everyday living and entertaining, featuring a breakfast bar, center island, breakfast nook, and an open view into the family room. A large laundry room conveniently connects the kitchen to the attached garage.
The split-bedroom floor plan offers privacy for everyone. The spacious primary suite includes two closets and a luxurious en suite bathroom with dual vanities, a soaking tub, and a walk-in shower.
Relax on the large screened lanai overlooking the peaceful, fully fenced property. Outside, you'll find endless possibilities with multiple storage sheds, a 4-stall horse barn with electric (ready for your personal finishing touches), a chicken coop, a fenced corral, and a concrete RV pad complete with hookups.
Adding even more value is a separate 1996 mobile home offering 3 bedrooms, 2 bathrooms, and approximately 1,064 square feet. Currently tenant-occupied, it provides excellent income-producing potential or could serve as accommodations for extended family.
Conveniently located just minutes from shopping, dining, medical facilities, and everyday conveniences, this unique property offers the rare combination of acreage, equestrian amenities, rental income, and a spacious home-all in one exceptional package.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 31, 2026 | Listed by MAJESTIC OAKS REALTY | $776,000 | |
| Listed by MAJESTIC OAKS REALTY | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017