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$390,000
● Multifamily - Off Market

16-18 Shears

bedrooms
5 Beds
bathrooms
0 Bath
square feet
3,574 Ft²
$1,016,108
RealtyHop Estimate
160.61%
Since Apr 1, 2002
National-US
Primary Model

About This Property

ABSOLUTELY MINT 2 FAMILY DUPLEX HOME. WALK TO TOWN COMMON. GLEAMING HARDWOODS, WALK UP ATTIC,FULL BASEMENTS WITH LAUNDRY HOOK UP. SEPARATE UTILITIES, LOVELY 3/4+ ACRE WOODED LOT. TITLE V IN HAND!!
Unit Size
3,574 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$109
Property Type
Multifamily
Property Taxes
$308
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 years ago (MLSPIN #30543714)

Price History

Date / Event Date Event Price
Mar 29, 2002 Sold
Premium
Sold
Sep 19, 2001 Listed by Galvin Real Estate $389,900
Listed by Galvin Real Estate

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Full Bathrooms: 2
Interior Features: Unit 1(Ceiling Fans, Pantry, Storage), Unit 2(Ceiling Fans, Pantry, Lead Certification Available), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 1(Range), Unit 2(Range), Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Vinyl
Laundry Features: Unit 1 Laundry Room, Unit 2 Laundry Room
Rooms: 11
Basement: Full, Walk-Out Access, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Duplex
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Features: Wooded
Lot Size Area: 0.83
Lot Size Units: Acres
Lot Size Acres: 0.83
Zoning: RES
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $243,400
Tax Annual Amount: $3,695
Utilities Details
Utilities: for Gas Range
Cooling Type: Unit 1(None), Unit 2(None)
Heating Type: Unit 1(Forced Air, Oil, Individual, Unit Control), Unit 2(Forced Air, Oil, Individual, Unit Control)
Sewer : Private Sewer, Private Sewerage
Location Details
Community Features: Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30543714
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