32
Map
615 Runners RDG
About This Property
Welcome to this 4 bedroom, 2.5 bath home in The Club at Wells Point, where the floorplan is spacious, the yard is large, the location is solid... and yes, she needs work. But at $289K, this is the kind of opportunity buyers and investors chase.
Built in 1998 and well loved over the years, this home is ready for its glow up. Features include formal living and dining spaces, a functional layout, stainless steel appliances, and cabinetry that is still in great shape and could easily be refinished or refaced for a fresh new look.
Now let's keep it real:
The roof needs replacement (estimate approx. $10K), exterior trim/fascia/siding repairs are needed, chimney trim needs attention, and the exterior could use fresh paint. Inside, there are sheetrock and ceiling repairs from previous roof leaks, carpet has already been removed in 2 bedrooms, and the bathrooms are begging for a 2026 makeover. Fence replacement is needed on 2 sides and the left neighbor is willing to split costs.
BUT... this is exactly the kind of property where sweat equity can turn into serious value. Whether you are looking to renovate and make it your own or transform it into your next flip project, the potential here is undeniable.
Sold AS-IS. Priced accordingly. And likely not lasting long. Bring your vision, your contractor, and maybe a little caffeine.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 9, 2026 | Price Decreased |
$289,000
↓ $10K
(3.3%) | |
| Price Decreased | |||
| May 27, 2026 | Listed by Magnolia Realty Round Rock | $299,000 | |
| Listed by Magnolia Realty Round Rock | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017