532 2nd St
About This Property
Rarely do you find 5 bedrooms, 3.5 bathrooms, and 3,000 finished sq. ft. at such a great value! This beautifully upgraded home features an open-concept layout with a spacious kitchen showcasing granite countertops, white cabinetry, stainless steel appliances, a gas range, and a large island overlooking the living and dining areas. The current owners expanded the home by adding a fourth upstairs bedroom and an additional 583 sq. ft. of finished space in the basement level; including a fifth bedroom, full bathroom, and large recreation area. The spacious fenced backyard offers endless possibilities for entertaining, gardening, play, or simply enjoying Colorado's beautiful weather. Backing to open space with trails leading to a nearby park and playground, this home offers exceptional space, functionality, and the small-town charm that makes Severance such a desirable place to call home. Seller's are offing a 1-year Cinch Home Warranty with an acceptable offer.
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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 |
|---|---|---|---|
| Nov 4, 2026 | Price Decreased |
$489,000
↓ $6K
(1.2%) | |
| Price Decreased | |||
| Sep 11, 2026 | Price Decreased |
$495,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 31, 2026 | Price Decreased |
$510,000
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Jun 24, 2026 | Price Decreased |
$529,500
↓ $6K
(1%) | |
| Price Decreased | |||
| Jun 9, 2026 | Listed | $535,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017