3
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21 Papermill 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 |
|---|---|---|---|
| Apr 8, 2026 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $479,500 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
| Mar 1, 2025 | No longer available | - | |
| No longer available | |||
| Aug 9, 2024 | Listed by Re/Max Impact | $529,000 | |
| Listed by Re/Max Impact | |||
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Attention savvy builders looking for new construction opportunities. 4 acre +/- lot is located in West Wareham and deemed residential developable. With over 2+ acres of upland and plenty of frontage. The seller is open to creative uses for the land and willing to work with the right buyer to reach the property’s highest potential. Parcel is wooded and does have an area of wetlands. Town water and services are located at the street. Buyers and Buyers' agent to perform their due diligence. No current perc test is available. All engineering and permitting buyers’ responsibility. Sellers have not previously attempted to develop. Buyer is responsible for determining what types of homes can be built and if the property can be subdivided. Conveniently located near highways, shopping plazas, several restaurants, and sandy beaches.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017