602 5th Street
About This Property
Very large 3 bedroom 2 bathroom home with 3 apartments in the building behind the main house. This is an investor special. The home has been gutted and is ready for your creative ideas to bring it to life. I (listing agent) am the current owner and I was going to fix it up and rent it, but another, larger project has come up and I want to sell this one to be able to fund that new project! I have ideas on how to maximize the profits on the house and I am happy to walk it with you and your buyers to show you my ideas. I have already done the demo and cleanup work in the main house and in the apartments out back. I think this property will generate about $3500 in rental income, if you only utilize two of the three apartments available. Even more if you decide to use all three. I have the layout to turn the main house into a 4 bedroom 2 bathroom with plenty of living space for a large family! Come take a look today and let's make a deal on this potential money-maker. OWNER FINANCE WELCOME!!!
Owner financing is available!
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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 |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 10, 2026 | Price Increased |
$69,500
↑ $10K
(16.8%) | |
| Price Increased | |||
| Mar 27, 2026 | Price Decreased |
$59,500
↓ $6K
(8.5%) | |
| Price Decreased | |||
| Feb 4, 2026 | Listed by Turnkey Realty LLC | $65,000 | |
| Listed by Turnkey Realty LLC | |||
| Sep 10, 2025 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017