21 Raymond Avenue
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 |
|---|---|---|---|
| Feb 13, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Listed by Coldwell Banker Realty - Cambridge | $1,449,000 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
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Well-maintained home in West Somerville near Tufts Univ, Teele & Davis Sq, offering a flexible layout across multiple finished levels w/original architectural details & recent system upgrades. The main living level features high ceilings, stained glass details, & an open kitchen/dining area w/stone counters, SS appliances, breakfast bar, & French doors opening to the living room. The home includes 4 BRs + office, 1 full & 1 half BA. Finished space on the upper level enhanced by skylights. Major improvements (2022–2025) include 200-amp electric service upgrade, high-efficiency ducted heat pump system serving 1st & 2nd floors, Mitsubishi mini-splits on the 3rd floor, & heat pump H/W heater. Add'l features include covered front & side porch, brick patio, garden area, large storage shed, & full walk-out basement w/ laundry, workspace. Convenient access to shops, parks, multiple bus routes, public school across the street, and Red & Green Line access less than a mile away.
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| Jun 10, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by Coldwell Banker Realty - Beverly | $1,369,900 | |
| Listed by Coldwell Banker Realty - Beverly | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017