618 Beaverdam Street
About This Property
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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 |
|---|---|---|---|
| Apr 6, 2026 | Listed by Ellington Realty Group | $3,000,000 | |
| Listed by Ellington Realty Group | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Relisted | $3,200,000 | |
| Relisted | |||
| Jun 8, 2025 | In contract | - | |
| In contract | |||
| Apr 19, 2025 | Listed | $3,200,000 | |
| Listed | |||
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This expansive 42-acre property, spread across five parcels, features gently rolling, fully fenced pastures ideal for agriculture or future residential development. With wide-open fields, mountain vista views from select points, and optimal topography, the land is perfectly suited for a subdivision layout, including stormwater infrastructure. A sewer line runs along the lower edge of the property, adjacent to the creek, enhancing development potential. The property includes an existing doublewide and a former retirement home structure that may be revived for future use [Buyer to verify]. Conveniently located just 5 minutes from Canton’s Main Street, this unrestricted property offers versatility, value, and scenic beauty—all within minutes of town.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017