5551 Allison St
About This Property
Note: Assessor has property as .81 ac, actual lot size .91
**Do not disturb tenants or drive through property ** contact listing agent
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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 |
|---|---|---|---|
| Sep 12, 2026 | In contract | - | |
| In contract | |||
| Jul 31, 2026 | Price Decreased |
$849,000
↓ $46K
(5.1%) | |
| Price Decreased | |||
| Jun 5, 2026 | Listed | $895,000 | |
| Listed | |||
| May 21, 2024 | Price Decreased |
$985,000
↓ $115K
(10.5%) | |
| Price Decreased | |||
| May 15, 2024 | Listed | $1,100,000 | |
| Listed | |||
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Nestled in the heart of Olde Town Arvada, this extraordinary parcel offers a rare opportunity to own a piece of history with modern possibilities. Perched atop a picturesque hill, the property boasts breathtaking views of downtown Denver, the iconic Arvada water tower, and the majestic Front Range. At its center stands a charming 1912 farmhouse, accompanied by a spacious 3-car garage, providing ample space for both vehicles. The farmhouse's character can be accentuated by adding an inviting front porch and additional square footage or be used as a guest house while you build your dream home. With ditch rights in place and unique views stretching in every direction, this property is a canvas waiting for your imagination to run wild. Whether you dream of creating a luxurious retreat, a vibrant urban oasis, or a cozy family homestead, the options are limitless. Conveniently located within walking distance of Olde Town Arvada's vibrant shopping, dining, and cultural amenities, this property offers the perfect blend of rural tranquility and urban convenience. Call for a private showing today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017