8497 Madison Way
About This Property
Welcome to this beautifully updated 2-bedroom, 2-bathroom manufactured home located in the desirable Riverdale Farms community in Thornton, Colorado. Nestled on a privately owned lot-no lot rent-this home offers a rare combination of affordability, modern comfort, and ownership pride.
Step inside to discover a bright, open-concept living space featuring fresh paint, updated flooring, and large windows that fill the home with natural light. The spacious kitchen boasts new countertops, modern appliances, and ample cabinetry-perfect for everyday living and entertaining.
The primary suite includes a walk-in closet and a private en-suite bathroom with a soaking tub and walk-in shower. The second bedroom is generously sized and ideal for guests, a home office, or a hobby space. A second full bath ensures convenience and privacy for all.
Ample off-street parking and a fully fenced side yard make this home perfect for furry friends!
Conveniently located near shopping, schools, and major highways, this is a fantastic opportunity to own a well-cared-for home in a quiet, established neighborhood. Don't miss out-schedule your showing today!
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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 |
|---|---|---|---|
| Nov 10, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Relisted | $320,000 | |
| Relisted | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 20, 2025 | Relisted | $320,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017