803 Normal Avenue #1
About This Property
Situated at the intersection of W 8th St and Normal Ave, this 6-bedroom, 4-bathroom duplex is conveniently located in a highly desirable area. The lower unit comprises 5 bedrooms and 3 bathrooms, along with an indoor laundry room, while the upper unit consists of 1 bedroom and 1 bathroom. Forced air heating and cooling in Unit 1 and new split heating and cooling system in Unit 2. Additionally, the property includes a 6-space parking lot on the southern side, which could be used to build an additional dwelling unit.
Don't miss out on this investment opportunity! Consistent rental in a great location. Seller may finance, terms negotiable.
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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 |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Price Decreased |
$419,000
↓ $50K
(10.7%) | |
| Price Decreased | |||
| Feb 8, 2024 | Listed by Ryno Company | $469,000 | |
| Listed by Ryno Company | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/08/2024
|
Studio
|
-
|
-
|
$469,000
Studio
-
|
$419,000
-10.66%
10/25/2024
|
Ryan Vaught
Ryno Company
| |
|
11/17/2022
| |
Studio
|
-
|
2390 ft²
|
$635,000
Studio
-
2390 ft²
|
-
-
|
Brent Silberbauer
eXp Realty of California, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017