855 N Pearl Street
About This Property
Offering 3 bedrooms, 2 bathrooms, a dedicated laundry room, and two separate living areas, the spacious floor plan provides endless possibilities for homeowners, investors, entrepreneurs, and design enthusiasts alike.
At the heart of the home, a striking fireplace serves as the main focal point, beautifully representative of late-1940s craftsmanship with its original wood-paneled chimney breast. Additional period details include built-in shelving with decorative openings between rooms, creating character, charm, and a sense of architectural distinction rarely found in modern construction.
Designed to maximize natural light, the home features an impressive collection of original windows, including rare original steel casement corner windows in two of the three bedrooms, large picture windows in both the living room and dining room, and original jalousie windows that reflect the home's vintage Florida heritage. Together, these elements create bright, inviting spaces while preserving the home's authentic character. Situated on a generously sized lot shaded by mature native trees, the property offers ample parking, rear alley access, and plenty of room to expand your vision.
Beyond its residential appeal, this property presents a unique investment opportunity. The City of Crestview's Future Land Use designation of Multi-Use (MU) (Table 4.06.00) allows for a variety of residential and commercial possibilities. Whether you envision a beautifully restored residence, professional office, boutique retail space, studio, gallery, or mixed-use investment, the flexibility is already in place.
With its combination of architectural significance, prime visibility, accessibility, and future potential, this is far more than a home--it's an opportunity to create something truly special. Consider renovation financing and bring your vision to life. Call your Realtor today!
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Listed by Back Stage Realty | $198,000 | |
| Listed by Back Stage Realty | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Feb 12, 2026 | Relisted | $285,000 | |
| Relisted | |||
| Jan 17, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2025 | Listed by ERA American Real Estate | $285,000 | |
| Listed by ERA American Real Estate | |||
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lINVESTOR SPECIAL:
Good size home with a large back yard. Selllers replaced part of the floor in the living space, and utility room. drains werer cleaned out,gas FP good,seller does not know about the wiring. Large bedrooms & wood floors throughout are 2 great features. Seller to believe there is COPPER WIRING THROUGHOUT. Roof, hvac, and HWH age unknown. Hwh & f/p is gas.
GREAT LOCATION!!
Mature trees give shade and tranquility to the back yard. This home is worth taking a look.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017