704 Forrest Avenue
About This Property
Step inside to original hardwood floors throughout, original shiplap walls, a beautiful fireplace and an incredible collection of builtins, including the original telephone desk! Generous living and dining spaces add to the warmth and personality of this one-of-a-kind home, while the beautiful open front sitting area offers an inviting spot to relax and enjoy the setting.
Beautiful updates complement the home's original character, including renovated bathrooms with marble flooring and updated plumbing. Significant improvements include completed foundation repairs, updated electrical wiring and updated gas lines throughout the home, ethernet cabling and smart doorbell, control sprinkler system, smart thermostat, and doorbell camera. Original wall heaters were intentionally retained for their vintage charm and now serve as architectural details.
Outside, mature pecan trees shade the large fenced backyard, where you'll find TWO workshops, both with electricity. One even features a mini split heating and cooling system, creating an incredible year round space for a workshop, studio, home office or hobby room.
This home wasn't remodeled to erase its past. It was thoughtfully updated while honoring it. From the original hardwoods and shiplap to the built-ins, fireplace, mature pecan trees and details you simply don't find in newer construction, This house is a home with a story, and one you need to experience in person.
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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 29, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by We Sell Texas | $300,000 | |
| Listed by We Sell Texas | |||
| Jul 5, 2019 | Sold | ||
| Sold | |||
| Apr 22, 2019 | Listed by Keller Williams Realty | $169,900 | |
| Listed by Keller Williams Realty | |||
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Nice 3 bedroom, 2 bath Tudor Home with beautiful mature pecan trees that shade a large lot. Home features a large living area with a Breakfast and Dining area. Newer AC unit and water heater. Closed in patio on front. 16 X 20 workshop in the back with electricity. Large fenced back yard. Home is in need of Foundation repair and Electrical rewire. Seller is willing to come off the price for these repairs at $17,350.00. We have bids from 2 reputable companies. A Custom foundation 9850.00 for foundation and Mike Hall with Burt Morrison Electrical $7,500.00 for electrical rewiring.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017