951 Walnut
About This Property
The property also comes with shovel ready plans to build six 1-bed/1-bath units, offering exceptional future development potential. Even better, the owners are licensed contractors and would prefer to build the units for your client, streamlining the entire process. Earn income with the house while you prepare to build!
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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 |
|---|---|---|---|
| Nov 6, 2026 | Price Decreased |
$360,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Oct 6, 2026 | Listed by Parkway Real Estate Co. | $365,000 | |
| Listed by Parkway Real Estate Co. | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 8, 2020 | In contract | - | |
| In contract | |||
| Nov 3, 2020 | Listed | $299,000 | |
| Listed | |||
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Welcome to Chico, Home to Bidwell Park, and Chico State! Enjoy the large back deck and the spacious yard; a rare find among Chico homes near downtown. The large workshop is a great place to store yard care equipment, tools, motorcyles and more. The property offers an R-3 zoning potentially allowing more units to be built in the future. The older wood floors offer a charm akin only to the aged Chico homes. Check out the upgraded bathroom, Gas Range, Washer hookup in the 3rd bedroom, and many dual pane windows throughout. The property abuts Little Chico Creek and is a short drive to Durham, Downtown Chico, Hwy 32, and Hwy 99 making it a great location to live for any local commuter. Whether you are looking for an investment property or a place to call home, this is "the one"! The manager has listed the unit size as 1089 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017