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615 N WALNUT AVENUE
About This Property
Meticulously maintained home situated on a dead end street in Magnolia. Open concept living, kitchen island, updated kitchen and bathrooms and hardwood floors throughout! Lovely rear yard perfect for entertaining, a wild flower garden and a gorgeous barn that was just recently painted on the exterior! First floor laundry and a full unfinished basement with Sump pump and French drain.
***The Barn is being conveyed strictly 'as-is" ***
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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 |
|---|---|---|---|
| Jul 17, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 20, 2026 | Listed by Real Broker, LLC | $379,900 | |
| Listed by Real Broker, LLC | |||
| Nov 20, 2020 | No longer available | - | |
| No longer available | |||
| Aug 27, 2020 | Listed | $210,000 | |
| Listed | |||
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Welcome to 615 Walnut Ave in a quiet dead-end road in Magnolia. This recently updated home features an expanded kitchen, neutral grey colors, and refinished hardwood floors. The owners have added some luxurious touches, like new light fixtures, and sliding barn doors. The expanded kitchen features a large island, with seating, a pantry, and all stainless steel appliances. The living room has an additional nook, currently being used as a play area, and is a great space for a home office. The laundry room has plenty of storage, areas for organization, and areas for hanging clothes and delicates. The home comes with a an updated air conditioner, roof, high efficiency furnace, and water heater, all replaced within the past five years. After you fall in-love with the inside of the home, you'll notice that the the most unique aspect of the home is on the outside. The large red barn has a great workspace, gym, and media room. The additional living area can also be used as a guest space, office, music room, or flex space, since it can be temperature controlled. This home is perfect for anyone who enjoys outdoor living, with large patio and built-in garden boxes. 615 N Walnut's open layout, new kitchen, blend of new world, and old world charm, and additional barn offer so many amazing possibilities. The manager has listed the unit size as 1472 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017