561 Lanier St
About This Property
Step outside to enjoy the spacious, fully fenced yard with a covered patio, perfect for relaxing, entertaining, gardening, or enjoying the added outdoor space. Block and wood fencing provide additional privacy, while the cul-de-sac location offers a peaceful setting. Built in 1963, this home is conveniently located near State Street and Mayberry Avenue, with easy access to shopping, groceries, dining, parks, and major roads. Stater Bros. Markets and El Toro Market are nearby, along with local dining favorites and a community park with a playground. For buyers ready to make the transition from renting to owning, this home offers an exciting opportunity. At this price point, the down payment and estimated monthly mortgage may be less than what you could be paying to rent, while giving you the opportunity to build equity in a home of your own. The property is eligible for VA, Conventional, and FHA financing, offering qualified buyers multiple financing options. Whether you're a first-time buyer, looking to downsize, or searching for a home with a spacious lot and room to make it your own, 561 Lanier Street is ready for its next chapter. Come see why this charming cul-de-sac home could be the perfect place to call home!
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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 |
|---|---|---|---|
| Oct 13, 2026 | Price Decreased |
$369,950
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Oct 1, 2026 | Price Decreased |
$374,950
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Aug 31, 2026 | Listed by Century 21 A Better Service | $379,950 | |
| Listed by Century 21 A Better Service | |||
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
| Jul 15, 2018 | Listed | $205,000 | |
| Listed | |||
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THIS IS A SINGLE FAMILY RESIDENCE WITH 1 ATTACHED CAR GARAGE, 2 BEDROOMS, 1 BATHROOM, APPROXIMATELY 1,026 SF, BIG LOT 8,712 SF The manager has listed the unit size as 1026 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017