2 Gedney 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 31, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jul 7, 2025 | Relisted | $650,000 | |
| Relisted | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| Jun 17, 2025 | Listed | $890,900 | |
| Listed | |||
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Welcome home to 2 Gedney Drive, Peabody—a beautifully maintained and thoughtfully updated residence in one of Peabody’s most sought-after neighborhoods. This spacious home offers 4 generous bedrooms and 3 full bathrooms, ideal for comfortable living and entertaining. Enjoy gleaming red oak hardwood floors and a modern kitchen with Schrock maple cabinets, granite countertops, and stainless steel appliances. The master suite features walk-in California closets and a luxurious en suite bath. Recent updates include a stunning new addition with cathedral ceilings, stylish new lighting, and a large new deck with a built-in bar—perfect for gatherings. The expansive fenced yard with full sprinkler system in front and backyard provides plenty of outdoor space, and a 2-car garage with door opener, 2 driveways and central air adds to the convenience. Close to major highways, shopping, and dining, this home truly has it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017