1 Blodgett Pl
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 1, 2026 | Listed by RE/MAX Diverse | $59,900 | |
| Listed by RE/MAX Diverse | |||
| Jun 23, 2024 | No longer available | - | |
| No longer available | |||
| May 27, 2024 | Price Decreased |
$77,000
↓ $2K
(2.5%) | |
| Price Decreased | |||
| Feb 17, 2024 | Price Decreased |
$79,000
↓ $11K
(12.1%) | |
| Price Decreased | |||
| Dec 19, 2023 | Listed by RE/MAX Diverse | $89,900 | |
| Listed by RE/MAX Diverse | |||
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Attention investors! An exceptional opportunity awaits you to acquire a prime piece of land located in the highly sought-after city of Worcester. This property boasts an advantageous proximity to public transportation, hospitals, and major highways, making it an ideal investment. This parcel is zoned RG5 a three-family previously occupied this lot, indicating its potential for multi-unit development. It is strongly recommended for both the buyer and their agent to conduct thorough due diligence to verify its use.
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