8804 State Route 21
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 |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Aug 30, 2025 | In contract | - | |
| In contract | |||
| Jul 23, 2025 | Listed by Elysian Homes by Mark Siwiec and Associates | $119,900 | |
| Listed by Elysian Homes by Mark Siwiec and Associates | |||
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Welcome to your next chapter in the heart of the Finger Lakes! Just one mile from Main Street in the charming village of Naples, this 1.5-acre ready-to-build gem offers the perfect blend of convenience and natural beauty. The property once hosted a home that was lost to fire—but all debris has been cleared, and the site is now fully ready for new construction plans!
An existing septic system (approved for a 3-bedroom home), a 62' well installed in 2022, and underground 200 amp electric service are already in place—saving you time and money. A spacious U-shaped driveway leads you past mature trees, raised garden beds, a small deck, and even a stone outdoor fireplace—unexpected bonuses that add charm and utility to this already special property.
The standout feature is the 16x30 workshop (built in 2020), with a fully wired interior and additional unfinished storage extension. A separate storage shed offers even more flexibility for tools, hobbies, or equipment.
Enjoy panoramic views, local wineries, and the peace of mind that comes with a recent survey already on file. Whether you’re building a full-time residence, a weekend getaway, or an investment property, 8804 State Route 21 is a rare find—equal parts prepared and picturesque.
Build-ready. Utilities installed. Scenic, serene, and just minutes from town.
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| Jan 16, 2024 | Sold | ||
| Sold | |||
| Dec 19, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017