834 WASHINGTON BOULEVARD
About This Property
Build your custom dream home or secure a prime land investment on this expansive 1.03-acre combined parcel (Lots 2, 3, 29, & 30) located on Washington Blvd. Situated just moments away from scenic Lake Apthorp, this property offers the ultimate blend of peaceful rural ambiance, mature natural surroundings, and great privacy.
With over an acre of flat, usable land, you'll have ample room for a spacious home, detached workshop/garage, pool, and dedicated parking for your boat, RV, or recreational toys. Enjoy the best of Lake Placid-renowned for its dozens of freshwater lakes, outdoor recreation, and charming small-town feel-while remaining within convenient driving distance to Highway 27, Sebring, and everyday amenities.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Listed by PROFESSIONAL REALTY SERVICES LLC | $40,000 | |
| Listed by PROFESSIONAL REALTY SERVICES LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017