947 J St
About This Property
The corner double lot gives you room to spread out while staying centrally located-a combination that's increasingly hard to find. The main residence offers 2 bedrooms and 1 full bath with a mix of hardwood, laminate, and carpet flooring, with a cozy living room warmed by a pellet stove. The kitchen comes complete with range, refrigerator and a dining area.
The 320-square-foot detached studio apartment-a genuinely versatile second dwelling with its own kitchen, 3/4 bath, mudroom entrance, and separate electric meter. Whether you're hosting guests, generating rental income, or carving out a private studio retreat or home office, this space delivers independence and flexibility. A second outbuilding adds even more possibility as a workshop or gazebo space.
Outside, the fully fenced backyard has been freshly landscaped with mulch and pea gravel, centered around a covered patio made for taking in mountain views and outdoor entertaining. Parking is effortless with a detached one-car garage, three off-street spaces, and private freshly graveled parking area -rare for a lot this close to everything Salida has to offer and enough room for vehicles, RV, or a boat/raft/trailer.
With a durable metal roof, full fencing, rental income and no HOA, this property is built for easy living and long-term flexibility. Whether you're drawn to the bungalow's character, the income potential of the studio, or simply the unbeatable in-town location, this one is ready for its next chapter. Call me today for a showing!
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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 |
|---|---|---|---|
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 1, 2026 | Price Decreased |
$569,000
↓ $50K
(8.1%) | |
| Price Decreased | |||
| Aug 15, 2026 | Price Decreased |
$619,000
↓ $46K
(6.9%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed | $665,000 | |
| Listed | |||
| Sep 5, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017