18 Lafayette 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 |
|---|---|---|---|
| Nov 6, 2025 | Sold | ||
| Sold | |||
| Sep 23, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2025 | Listed by Churchill Properties | $674,900 | |
| Listed by Churchill Properties | |||
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Nestled in a great downtown neighborhood, this single-family residence presents a unique opportunity to own a piece of history, reimagined for contemporary living. Entering through the front door, you are welcomed by a spacious foyer with comfortable ceiling height and elegant hardwood flooring. The residence offers expansive living areas, three generously sized bedrooms, two full bathrooms, and period details characteristic of the early 1900s. Ample closet space and a screened back porch with views of the backyard enhance the home’s comfort and practicality. The immaculate basement provides additional storage as well as workshop possibilities. With two driveways and a one-car garage, there is abundant off-street parking available. 4 mini-splits offer efficient heating and cooling, gas boiler for back-up heat. Conveniently located just minutes from the Commuter Rail Train Station to North Station and Downtown Ipswich, this property presents an excellent opportunity for commuters.
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| Apr 25, 2006 | Sold | ||
| Sold | |||
| Sep 21, 2005 | Listed | $384,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017