701 Devon Road
About This Property
The main level features a first-floor bedroom with a full bath and an updated eat-in kitchen with quartz countertops, double ovens, a new Thermador gas cooktop, and a new Thermador refrigerator. Upstairs you will find three spacious secondary bedrooms along with a luxurious primary suite that includes a spa-like ensuite bathroom and a large walk-in closet.
All bathrooms have been beautifully renovated. The finished basement includes a media or recreation room, an arts and crafts area, a half bath, and abundant storage.
Outside, enjoy an entertainer's dream patio with a fireplace, an outdoor kitchen, a gas grill, a sink, a refrigerator, and plenty of space for lounge furniture as well as a nice size fenced yard with front and rear irrigation system.
Detached two bay garage with tons of storage.
This home is ideally located just a couple of blocks from Ridgetop Pool and Tennis Club, two parks and walkable to local restaurants. All of this offering convenience and a wonderful lifestyle in one of Richmond's most desirable neighborhoods.
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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 |
|---|---|---|---|
| Apr 10, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Price Decreased |
$1,595,000
↓ $55K
(3.3%) | |
| Price Decreased | |||
| Feb 3, 2026 | Listed by Towne & Country Real Estate | $1,650,000 | |
| Listed by Towne & Country Real Estate | |||
| May 29, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017