26
Map
7115 NELMS Street
About This Property
Step into this character-filled 3-bedroom, 1-bath residence in the heart of Panama Park-vacant, recently remodeled and refreshed, and ready for its next chapter. Built in 1929, this 1,130 sq ft home blends classic appeal with practical updates with new flooring and paint, offering a smart layout that maximizes everyday living. Compact lot provides manageable outdoor space, ideal for creating a low-maintenance garden. Inside, natural light lifts each room, highlighting a floor plan designed for comfortable flow whether you're hosting, working, or unwinding. With its solid structure, established neighborhood setting, and immediate availability, this property delivers an excellent opportunity for homeowners and investors alike. Move right in or add your personal toucheither way, this home is ready to welcome what's next
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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 |
|---|---|---|---|
| Mar 3, 2026 | Sold | ||
| Sold | |||
| Feb 25, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Price Decreased |
$95,000
↓ $5K
(5%) | |
| Price Decreased | |||
| Feb 16, 2026 | Relisted | $100,000 | |
| Relisted | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Northwest Jacksonville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017