11 Old Andover Road
About This Property
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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 23, 2025 | Sold | ||
| Sold | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Price Decreased |
$460,000
↓ $15K
(3.2%) | |
| Price Decreased | |||
| Jul 22, 2025 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Jul 7, 2025 | Listed by Century 21 North East | $499,000 | |
| Listed by Century 21 North East | |||
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PRICE DROP - Amazing opportunity to get in to North Reading in this great condo alternative! This bungalow style home has 3 bedrooms, 1 bathroom and tons of potential. Perfect for a handy homeowner to bring their ideas and updates creating instant equity. Adorable dine in kitchen with laminate countertops and pantry shelving for storage. Living room with hardwood floors, built in bookcase and a wood burning stove. Primary bedroom off living area and two additional bedrooms down the hall on opposite side of living area. Laundry on first floor makes this easy one level living! 3 Bedroom septic inspected and passed Title V in hand. Located in the Hood School district and close to shopping/highways for easy commuter access. Ideal for down sizers or anyone looking to break in to the North Reading market.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017