715 FRANKLIN AVENUE
About This Property
Imagine lazy Sunday mornings with sunlight streaming through a grand picture window, the warmth of a wood-burning fireplace filling the living room with a glow that makes everything feel right with the world. The large kitchen offers abundant counter and storage space, whether you're meal-prepping for the week or hosting for the holidays.
Three comfortable bedrooms and two full baths - including a lovely primary suite - round out a main level that also includes a practical mudroom, laundry room, and half bath to keep daily life running smoothly.
Head downstairs and discover a lower level that truly sets this home apart. A massive family and recreation room with its own wood-burning fireplace is the ultimate gathering space. A separate room with a kitchenette and full bath opens the door to in-law living, guest accommodations, or income potential. An additional room with a half bath and separate shower, plus a large utility room, add layers of flexibility and storage that most homes simply can't match.
And outside? A large, level lot with a partially fenced backyard and raised garden beds is waiting to become your personal outdoor oasis - whether you're growing tomatoes, hosting barbecues, or just soaking up the sunshine.
Located just minutes from Westminster's classic Main Street and countless options for dining, entertainment, and conveniences, this home is a rare opportunity! Come see it before someone else calls it home.
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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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Relisted | $425,000 | |
| Relisted | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Apr 16, 2026 | Listed by Weichert Realtors - McKenna & Vane | $425,000 | |
| Listed by Weichert Realtors - McKenna & Vane | |||
Property Highlights
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About Carroll
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017