7 Spence Street
About This Property
The heart of the home is the beautifully appointed gourmet kitchen, featuring ample cabinetry, generous counter space, and a layout that's perfect for preparing meals while staying connected with family and guests. The open-concept design flows seamlessly into the main living areas, creating a bright and welcoming atmosphere.
The home offers three comfortable bedrooms and a full bathroom, providing a practical layout for a variety of lifestyles. Natural light fills the living spaces, enhancing the warm and inviting feel throughout.
Downstairs, the basement presents an exciting opportunity to add even more living space. A separate room with its own private entrance could easily be finished to create a home office, recreation room, guest suite, workout space, or hobby room--allowing you to customize the home to fit your needs.
Outside, you'll appreciate the large side yard, offering plenty of room for gardening, outdoor entertaining, pets, or play. A newer oversized storage shed provides excellent space for lawn equipment, tools, seasonal items, or workshop needs. The paved driveway offers convenient off-street parking and easy maintenance.
Conveniently located near the bus line with quick access to the interstate, this home makes commuting simple while keeping you close to shopping, dining, schools, and everyday amenities.
This home offers exceptional value, versatile living space, and a location that makes daily life easy. Don't miss the opportunity to make this inviting property your own!
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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 |
|---|---|---|---|
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Aug 26, 2026 | Price Decreased |
$219,900
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Aug 18, 2026 | Price Decreased |
$224,900
↓ $5K
(2%) | |
| Price Decreased | |||
| Jul 30, 2026 | Listed by Find Advisors | $229,500 | |
| Listed by Find Advisors | |||
| Jan 22, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017