7 Hillside Dr
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 |
|---|---|---|---|
| Sep 20, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed | $255,807 | |
| Listed | |||
| Nov 17, 2022 | Sold | ||
| Sold | |||
| May 22, 2022 | No longer available | - | |
| No longer available | |||
| May 21, 2022 | Listed by Colorado Mountain Realty | $199,500 | |
| Listed by Colorado Mountain Realty | |||
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Rare opportunity to own a lot just steps to downtown and the Upper Arkansas River. Take advantage of direct southern exposure and mountain views. This lot has had improvements made: well and specially engineered septic system are in. Augmentation certificate on well has been paid. Seller has top notch architectural plans available for sale (plan includes a house with attached garage and an ADU) or bring your own plans and build your Colorado dream home here. Lot allows for up to three bedrooms and 35 feet high. Industrial zoning allows for commercial space, residential space and possibly short term rentals. Enjoy walking to the river or bike out from your property to one of dozens of Salida's mountain bike trails. Historic downtown Salida has restaurants, bars, shopping, galleries or spend your time rafting, swimming, fishing, skiing or hiking. Mountain living at its finest.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017