15 Larose Avenue
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 |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Mar 21, 2025 | Listed | $479,900 | |
| Listed | |||
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Great potential! Affordable, simple and easy to maintain 2 BR Ranch on a quiet side street in W. Gloucester! Close to Dykes Pond Reservoir, a City of Gloucester watershed area which is 5 min. away and Mt. Ann Park, which offer hiking, rock climbing, or just enjoying a peaceful stroll through the woods. Located on a level 8560 SF. lot with numerous plantings, a garden shed, and 3 car off street parking. Fully paid for 2 yr. old high producing German made Q solar panels 7.2 Watt array w/ micro inverters provides 6700 Kwh of electricity yearly! Recent improvements include gas fireplace stove, brand new 1500 gal. septic tank and d box with Title 5 Cert. of Compliance from Gloucester Board of Health, an on demand gas hot water heating system, 4 yr old Anderson horizontal sliding windows offer wide view of back yard and phenomenal bird watching! Expansion potential to add upper stories to existing structure! Close to Rt. 128, W. Gloucester T commuter rail station, West Parish Elem School!
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| Sep 20, 2024 | No longer available | - | |
| No longer available | |||
| Apr 10, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017