8518 Montridge Drive
About This Property
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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 |
|---|---|---|---|
| Apr 8, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | Price Decreased |
$409,999
↓ $14K
(3.3%) | |
| Price Decreased | |||
| Jul 13, 2025 | Listed by The Vincere Group LLC | $423,888 | |
| Listed by The Vincere Group LLC | |||
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Excellent opportunity in the heart of Spring Branch! 8518 Montridge is a prime lot surrounded by luxury new construction and million-dollar homes. Ideal for investors or custom home builders looking to create a high-end residence in a deed-restricted neighborhood that protects long-term value. The property currently has a tenant on a month-to-month lease—generating income while you plan your build. Zoned to top-rated Spring Branch ISD and offering quick access to major freeways, shopping, and dining. Don’t miss your chance to build your dream home in this thriving area!
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| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017