7 Tappan Road
About This Property
7 Tappan Road is a great starter home or rental property located on a quiet, dead-end block in Monticello. The house offers two bedrooms and one and a half bathrooms split over two levels, plus an unfinished basement.
The main level features a spacious living room with knotty pine paneling and a brick fireplace. There is a formal dining room, a half bathroom, a pass-through kitchen with a pantry, plus a sunroom/three-season room. The upper level has two spacious bedrooms with walk-in closets, and a full bathroom. The unfinished basement has a laundry area and plenty of space for storage. There is a large covered porch leading to the front door and the yard is spacious and level, offering plenty of space to relax, garden, and play. The house could use some updating but is in good shape for its age and can be moved right into.
The house is located just 5 minutes from all the shops and restaurants that the Village of Monticello has to offer. It's just two miles from Resorts World Catskills and Monster Golf Course, and a bit farther up the road from the Kartrite Indoor Water Park. The larger shopping district of Monticello, which offers a Walmart, Shoprite, Home Depot, Old Navy, Marshall's, brand new Five Below and Starbucks, are also just five minutes away.
If you have been looking for an affordable starter home, come check this one out today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Jun 25, 2025 | Listed by Catskills Home Services | $195,000 | |
| Listed by Catskills Home Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017