7001 Washington Pike
About This Property
The main home features 4 bedrooms and 2 bathrooms, along with a beautifully renovated kitchen and updated baths. The primary bedroom includes a walk-in closet, while the spacious layout provides plenty of room to spread out.
Downstairs offers even more possibilities, with additional living space that could be used for entertaining, a recreation area, home office, or potentially configured for multigenerational living. With two screened porches, there are also great spaces to relax and enjoy the outdoors.
What really sets this property apart is the detached 2-bedroom, 1-bath guest house with approximately 864 square feet. Whether used for guests, extended living space, a home office, or potential rental income, it adds another level of flexibility to the property.
With two separate living spaces, over an acre of land, and numerous updates, 7001 Washington Pike offers possibilities that are hard to find. Come see everything this unique property has to offer!
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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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by Wallace | $549,000 | |
| Listed by Wallace | |||
| Aug 12, 2023 | No longer available | - | |
| No longer available | |||
| Jul 3, 2023 | In contract | - | |
| In contract | |||
| Jun 9, 2023 | Price Decreased |
$384,999
↓ $14K
(3.5%) | |
| Price Decreased | |||
| Apr 15, 2023 | Listed by Realty Executives Associates | $399,000 | |
| Listed by Realty Executives Associates | |||
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Unique opportunity to own multi family property. Live in one of the units and have your tenants pay your mortgage, or cash flow on all three units. Unit one has three bedrooms, 1 bath. Unit 2 has 2 bedrooms, one bath. And unit three has two bedrooms and one bath. Large storage building on property could be renovated for a variety of purposes, sitting on a large concrete slab. Property sold as is. The manager has listed the unit size as 3474 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017