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8682 OPEN MEADOW WAY SE
About This Property
Spacious 5-bedroom, 3.5-bath colonial located in the desirable Long Meadow neighborhood of Columbia presents an outstanding renovation opportunity. This large single-family home offers an open floor plan, generous room sizes, and strong potential for customization.
The property features two fireplaces, including one in the primary suite, a large rear deck, and a partially fenced backyard ideal for future outdoor living enhancements. The fully finished basement includes bonus rooms that can serve as additional living space, home offices, recreation areas, or extensive storage.
This home requires significant repairs and will not qualify for standard financing. The property is being sold under auction terms and conditions, making it an excellent opportunity for investors, contractors, or buyers ready to renovate and showcase their vision.
Conveniently located near major commuter routes, shopping, dining, and all that Columbia has to offer.
Sold strictly as-is. Cash or renovation financing only
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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 |
|---|---|---|---|
| Apr 20, 2026 | Sold | ||
| Sold | |||
| Mar 1, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Price Decreased |
$579,900
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Jan 2, 2026 | Price Decreased |
$599,900
↓ $25K
(4%) | |
| Price Decreased | |||
| Nov 3, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $624,900 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Property Highlights
Building Info
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About Columbia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017