982 Stanton Road
About This Property
-Owner Financing Available
-Shared Well & On-Site Power
-Easy yet Private Access
-Very Buildable: Flat, No Floodplain
-Only 5 mins to Union Lake; 5 mins to store
This 7 acre property near Union Lake is a rare find offering a perfect blend of convenience, buildability, and natural beauty. With 134 feet of paved public road frontage along Stanton Road, easy access is paired with countryside privacy. The land is mostly wooded with some clearings, flat terrain, and no floodplain, making it very buildable for residential or recreational use. Includes a small creek channel that runs east-west through the lot and adds charm and wildlife habitat.
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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 |
|---|---|---|---|
| Aug 18, 2026 | In contract | - | |
| In contract | |||
| Jun 1, 2026 | Price Decreased |
$34,900
↓ $2K
(5.4%) | |
| Price Decreased | |||
| Apr 2, 2026 | Listed by ListWithFreedom.com | $36,900 | |
| Listed by ListWithFreedom.com | |||
| Feb 25, 2026 | No longer available | - | |
| No longer available | |||
| Jan 31, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017