7237 Ellingwood Ave
About This Property
Welcome to 7237 Ellingwood Avenue, a beautifully designed 3-bedroom, 2-bathroom ranch-style home that combines modern finishes with thoughtful upgrades. Step inside to an inviting open-concept living area where natural light pours through large windows, showcasing the spacious layout. The living room is a true showstopper-professionally wired for surround sound that creates an immersive, theater-worthy experience. The gourmet kitchen features stainless steel appliances, a generous island, sleek finishes, and ample cabinetry, making it the perfect hub for cooking and entertaining. The dining area flows seamlessly to the backyard for easy indoor-outdoor living. The primary suite offers a private retreat with a spa-like en-suite bath and walk-in closet, while two additional bedrooms provide space for guests, an office, or hobbies. If you are looking for additional storage, this home has it! A 3ft crawlspace for additional storage will meet your needs. Outside, enjoy a beautifully landscaped yard with room to relax or entertain. Complete with an attached garage, this home is nestled in a desirable neighborhood near parks, schools, and shopping.
Don't miss the opportunity to lock in today's lifestyle with yesterday's rate-4.5% assumable interest available.
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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 |
|---|---|---|---|
| Jan 15, 2026 | Price Decreased |
$485,000
↓ $8K
(1.5%) | |
| Price Decreased | |||
| Nov 10, 2025 | Price Decreased |
$492,500
↓ $3K
(0.5%) | |
| Price Decreased | |||
| Oct 4, 2025 | Price Decreased |
$495,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Aug 19, 2025 | Listed by LPT Realty | $500,000 | |
| Listed by LPT Realty | |||
| Jul 27, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017