135 Butternut Lane
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 |
|---|---|---|---|
| May 29, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed | $629,900 | |
| Listed | |||
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Welcome to 135 Butternut Lane, nestled in a desirable West Methuen cul-de-sac within the Marsh School District. This well-maintained split-level features hardwood and vinyl floors, 3 bedrooms, an updated bath and kitchen, dining room, sunlit living room with wood burning fireplace, and a bright sunroom leading to a 14x16 deck—perfect for enjoying the private, .46-acre yard with mature landscaping. The bright walk-out lower level offers ideal in-law or multi-generational living with a private mudroom, backyard access, an extra bedroom, spacious family room, office with fireplace, and updated full bath with brand new washer/dryer in-unit laundry. Outdoor storage is plentiful with two large sheds and an enclosed area beneath the sunroom. Recent updates include Navient Boiler/Tankless Water Heater, 2 Bathrooms and full Kitchen renovated. Close to dining, shopping, and major highways for easy commuting. All that’s left is to settle in and make it yours.
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| Nov 29, 2022 | Sold | ||
| Sold | |||
| Oct 17, 2022 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017