7182 48th Avenue
About This Property
The 960 sq ft cottage-style home is currently configured as 2 bedrooms and 1 full bath and is ready for renovation. While it needs significant updates, the structure provides a solid starting point with key mechanical improvements already in place, including a metal roof, well, and septic system.
Outside, the property truly shines. Approximately 3 acres of open grassland offer space for gardening, recreation, or future expansion, while roughly 4 acres of wooded terrain provide privacy, trails, and abundant wildlife. A small pond feeds into the beginning of a gentle creek that flows toward the eastern boundary--adding to the peaceful, storybook setting.
A large detached three-stall garage provides ample storage for vehicles and equipment. While the two story "shed" adds workshop space or perhaps a future sportsman's retreat.
Whether you're looking for a renovation project, a weekend retreat, or land to build your dream home, this property offers exceptional potential and is priced well below new construction rates.
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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 |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| May 3, 2026 | Listed by Keller Williams Realty Swm | $210,000 | |
| Listed by Keller Williams Realty Swm | |||
| May 13, 2014 | Sold | ||
| Sold | |||
| Oct 26, 2011 | Listed by Coldwell Banker Anchor R.E. | $87,900 | |
| Listed by Coldwell Banker Anchor R.E. | |||
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Charming 2 bedroom home in a quiet country setting. This 7.2 acres also includes a 3 car garage, 3 storage sheds and an outbuilding with loft built above. Garage has an wood stove making it a year around work shop. What a great home to get away from city life but only 4 miles north of Coloma. Call today for an appt and examine the possiblities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017