623 Massey Avenue
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 |
|---|---|---|---|
| Jul 19, 2025 | Price Decreased |
$354,000
↓ $11K
(3%) | |
| Price Decreased | |||
| Jun 24, 2025 | Price Decreased |
$365,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$370,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| May 17, 2025 | Price Decreased |
$380,000
↓ $15K
(3.8%) | |
| Price Decreased | |||
| May 2, 2025 | Listed | $395,000 | |
| Listed | |||
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Price just dropped—and it's officially a killer deal! You'll be hard-pressed to find this much charm, space, and style at this price anywhere near Downtown Durham. This '60s brick beauty is serving up timeless vibes with a fresh twist! Sitting pretty on a hilltop lot, it's just a stone's throw from all the buzz of Downtown Durham. The front porch says ''sit and stay awhile,'' and once you step inside, the sunshine and gleaming engineered wood floors will seal the deal. The open living space flows right into a darling breakfast nook (peep that built-in bench!), and the kitchen? Total glow-up: quartz counters, stainless steel appliances, and a large patio ready for your next backyard BBQ.
Primary suite on the main level is perfect! Double closets and a bathroom that says ''treat yourself.'' Another bright bedroom and a cutely updated hall bath round out the upstairs. Downstairs, a third bedroom, bath-and-a-half, and two flex spaces for your Peloton, podcast studio, or Netflix cave. Oh, and don't miss the cute and functional mudroom/drop zone off the side entry! Vintage bones, modern amenities, and nothing cookie-cutter about it. This house has all the character and none of the compromise.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017