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889 Beech Street
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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 2, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by Traditions Real Estate Group | $230,000 | |
| Listed by Traditions Real Estate Group | |||
| Dec 11, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Aug 11, 2025 | Listed by RE/MAX Big Country | $124,900 | |
| Listed by RE/MAX Big Country | |||
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Welcome to 889 Beech, a character-filled 1941 home nestled on a quiet interior lot in the heart of Abilene. With 1,310 square feet, this 3 bedroom, 2 bath property offers timeless charm and a solid foundation for your visions. Inside, you'll find built-in features in nearly every room, a large pantry, ample storage throughout, and a formal dining room just off the living area. The living room features a decorative fireplace already plumbed for gas. The home is also equipped with central HVAC (unit located in the attic), a gas water heater (2005, in great condition, located in the basement). It sits on a pier and beam foundation with a generous crawl space and also offers a large attic and a concrete basement for even more storage potential.
The exterior features vinyl siding, sidewalks, mature trees, and a chain-link fenced backyard. The roof appears to be in good condition from ground level, and the driveway and carport provides off-street parking. Safety and convenience are considered, with a leased security system, burglar alarm, smoke detectors, and a carbon monoxide detector in place.
A standout feature of this property is the 800 sq ft workshop. It includes electricity, gas, two old-style evaporative cooling AC units, air compressor lines, a large work table, and tons of built-in storage—perfect for hobbyists, tradespeople, or anyone wanting to convert it into some real rental potential.
Please note: This home is being sold through the Medicaid Estate Recovery Program. All offers are subject to approval by the program and may involve a longer closing timeline. The property is being sold as-is, and no repairs will be made by the estate. A few items to note: this home contains copper and cast iron plumbing, federal pacific electrical panels, and gas lines running to each room of the house.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017