2 Goddard Drive, Lot 7
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 |
|---|---|---|---|
| Dec 5, 2025 | Sold | ||
| Sold | |||
| Oct 30, 2025 | In contract | - | |
| In contract | |||
| Aug 25, 2025 | Listed by RE/MAX Beacon | $599,900 | |
| Listed by RE/MAX Beacon | |||
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THE ONE & ONLY AVAILABLE BUILDABLE LOT here in beautiful seaside Nahant! This 10,000+ fully conforming prime lot is sited in a way to offer full south facing ocean views.The town owned walking trail on one side offers a 15' buffer from the adjacent property, while also affording direct access to nature trails and Kelly Greens Golf Course.NO flood ins.required. Fully completed architectural plans for a 2497sq ft 3-bed 2.5-bath age-in-place coastal contemporary cape can be available to expedite your project, or build your own design.As an extension to your private backyard, and just a few steps away, you're privileged to enjoy beautiful Tudor Beach, or breathtaking ocean views from newly restored Bailey's Hill Park. Low taxes, easy commute to Boston by nearby commuter rail, the "T", Lynn Water Ferry, or drive. Walk to K-6 Johnson Elementary School, MS&HS students are bused to Swampscott.Salty ocean breezes & beach days await you! DRONE VIDEO: https://www.youtube.com/watch?v=8x_uyhJLKPA
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| Dec 2, 2024 | Sold | ||
| Sold | |||
| Nov 1, 2024 | In contract | - | |
| In contract | |||
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