5545 Tower
About This Property
This beautifully updated single-story home offers nearly 1,900 square feet of living space with 3 bedrooms, 2.5 bathrooms, & a versatile floor plan. Upon entering, you'll appreciate the gorgeous hardwood flooring, abundant natural light, and spacious living room featuring a cozy fireplace and beautiful views of the backyard.
The kitchen is equally impressive with rich wood cabinetry, granite countertops, stainless steel appliances, ample storage, and picturesque views of the front yard. Adjacent to the main living areas is a spacious bonus room that serves as a secondary family room, office, game room, or could potentially be converted into a fourth bedroom. The home also features a convenient indoor laundry room.
The primary suite offers a spacious walk-in closet complete with unique cheetah-print carpeting. The primary bathroom features a dual vanity, walk-in shower, large jetted soaking tub, & skylight that fills the space with natural light.
Step outside to your own backyard retreat featuring an oversized Alumiwood patio cover, beautiful herringbone brick patio, sparkling in-ground pool and spa, mature landscaping, and an additional entertaining area complete with concrete and artificial turf. A custom water fountain accented with matching brickwork and imported decorative tile adds even more character.
The detached two-car garage is complemented by a separate bonus room at the rear, creating endless possibilities for a potential ADU, guest quarters, home office, gym, studio, game room, or possible fourth bedroom.
Major upgrades include a recently replaced roof, upgraded HVAC system, newer dual-pane windows and sliding glass doors, automatic gated access, upgraded landscaping, custom brickwork, & numerous additional improvements throughout.
Combining the charm of the Wood Streets with modern upgrades, flexible living spaces, & an entertainer's backyard, this is a rare opportunity to own a truly special home in one of Riverside's most desirable neighborhoods.
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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 |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 14, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Listed by RE/MAX ADVANTAGE | $799,000 | |
| Listed by RE/MAX ADVANTAGE | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Oct 26, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017