18 Ellis Drive
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 |
|---|---|---|---|
| Jul 8, 2025 | Sold | ||
| Sold | |||
| Jun 15, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Price Decreased |
$580,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| May 22, 2025 | Price Decreased |
$600,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| May 6, 2025 | Listed | $630,000 | |
| Listed | |||
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Discover the charm of Worcester's West Side with this inviting 4-bedroom, 2.5-bath split-level home tucked away off Salisbury Street. The lower level features a spacious living room that flows into a cozy dining area—perfect for hosting. The kitchen offers granite countertops and stainless steel appliances in a bright, welcoming space. A stylish mix of tile, marble, and hardwood floors runs throughout the home, adding character to every room. The primary bedroom includes a private bath and a generous walk-in closet, while the additional bedrooms offer ample space and flexibility. Outside, enjoy a large yard ideal for summer cookouts, gardening, or simply unwinding. This home is a great opportunity to enjoy comfortable living in one of Worcester’s most desirable neighborhoods.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017