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961 16th St #8
About This Property
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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 |
|---|---|---|---|
| Sep 30, 2026 | No longer available | - | |
| No longer available | |||
| Apr 29, 2026 | Listed | $350,000 | |
| Listed | |||
| Apr 22, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | Listed by milehimodern - Boulder | $315,000 | |
| Listed by milehimodern - Boulder | |||
| | |||
|
LOCATION-LOCATION-LOCATION! Situated in a prime University Hill area on 16th Street, 1/2 block from the UMC. Tired of housemates? This well maintained 2nd level condo is the perfect opportunity for student housing near campus or an investment property to add to your portfolio. Hardwood flooring throughout and an open floorplan brimming with nice natural light makes this the perfect buy. Featuring a sizable bedroom, full bath and in-unit laundry. Common area patio, six off-street unassigned parking spaces are available for residents of this secured building. Centrally located and with unparalleled access to CU Boulder, park/trails and restaurants. This property is currently leased at $1,650/month with the current lease ending on 7/31/24.
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| Jul 11, 2023 | Listed | $330,000 | |
| Listed | |||
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Location! Location! Location! Wonderful location to CU only 1/2 block from the UMC. Great investment property or to have your CU student live a block away from CU this fall. Attractive solid brick building w/ second floor unit. Security door leading into the units. Fenced common patio at front of the building. Personal washer/dryer in unit. 6 off street reserved parking spaces for the building. Current lease of $1550/month ending July 31, 2023. Current rental license obtained by owner.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/23/2025
|
1 Bed
|
1 Bath
|
449 ft²
|
$355,000
1 Bed
1 Bath
449 ft²
|
-
-
|
Brie Fowler
Coldwell Banker Realty-Boulder
| |
|
05/01/2025
|
1 Bed
|
1 Bath
|
449 ft²
|
$360,000
1 Bed
1 Bath
449 ft²
|
$348,610
-3.16%
06/30/2025
|
Kelly Moye
Compass - Denver
| |
|
03/13/2024
|
1 Bed
|
1 Bath
|
449 ft²
|
$315,000
1 Bed
1 Bath
449 ft²
|
$315,000
04/03/2024
|
Clove Berger
milehimodern - Boulder
| |
|
03/13/2024
|
1 Bed
|
1 Bath
|
464 ft²
|
$315,000
1 Bed
1 Bath
464 ft²
|
$315,000
04/22/2024
|
Clove Berger
milehimodern - Boulder
| |
|
02/03/2023
|
1 Bed
|
1 Bath
|
449 ft²
|
$340,900
1 Bed
1 Bath
449 ft²
|
$325,090
-4.64%
07/17/2023
|
Mary Siefert
Live West Realty
| |
|
06/25/2021
|
1 Bed
|
1 Bath
|
528 ft²
|
$319,900
1 Bed
1 Bath
528 ft²
|
$315,000
-1.53%
08/18/2021
|
Erik Park
Kearney Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017