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Map
540176 LEM TURNER Road
About This Property
With built-in equity from day one and endless opportunities, this is a rare find that stands out from the competition.
🏡 Join us for an Open House on June 20, 2026!
Come see everything this unique property has to offer and envision the possibilities for yourself.
🔥 This home won't last long--don't miss your chance to own this one-of-a-kind property! 🔥
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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 |
|---|---|---|---|
| Jun 11, 2026 | Listed by MARK SPAIN REAL ESTATE | $450,000 | |
| Listed by MARK SPAIN REAL ESTATE | |||
| May 1, 2021 | Listed by INI REALTY | $600,000 | |
| Listed by INI REALTY | |||
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Don't miss this rare opportunity to buy two houses on 4.13 acres zoned residential multi family, located on Lem Turner Rd. The main house has 2495 sq ft and features 4 bdrm / 2.5 bth / 1 car garage, built in 1972. Guest house is 836 sq ft and has 2 bdrm / 1 bth completely remodeled, built in 1997. New AC units in both houses, asphalt driveway, metal roof. Property is fully fenced in with multiple gates. There are three detached garages, two car ports and one metal storage container on the lot. Newly installed above ground pool by the guest house. Property has a creek in the back and a small pond. Owner pulled a permit for additional 30x40 garage which has been ordered (optional - subject to negotiation). Property for sale AS-IS with right to inspect.
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| May 17, 2019 | Sold | ||
| Sold | |||
| Nov 19, 2007 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017