59281 Gilman Road
About This Property
Discover the charm and versatility of this 2-acre country retreat, where privacy and opportunity come together just minutes from the main road. This property is brimming with potential and ready for your personal touch.
The main home features 2 bedrooms and 2 bathrooms, plus a spacious addition that can easily serve as a third bedroom, home office, or creative hobby space. While the home could use a little TLC, it's the perfect canvas to create your own warm and inviting retreat.
Adding to its appeal, a second smaller unit on the property offers wonderful flexibility-whether for extended family, visiting guests, or even potential rental income. With two separate entrances, the layout is ideal for multi-family living or live-work possibilities.
Practical amenities make rural living simple and secure: the property runs on well water and propane, and comes equipped with a generator for added peace of mind. With open usable land, it's well-suited for farm animals, gardening, or small-scale agriculture-perfect for those dreaming of a self-sufficient lifestyle.
This property truly offers it all: space to grow, room for family, and the freedom of country living-all while being close to town conveniences. Whether you're looking for a private homestead, an investment property, or a countryside getaway, this unique property holds endless possibilities.
Don't miss your chance to make this versatile retreat your own!
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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 |
|---|---|---|---|
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Oct 19, 2025 | In contract | - | |
| In contract | |||
| Sep 15, 2025 | Relisted | $259,900 | |
| Relisted | |||
| Aug 28, 2025 | In contract | - | |
| In contract | |||
| Jul 8, 2025 | Relisted | $259,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017