22 Covington 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 |
|---|---|---|---|
| Jun 13, 2025 | Sold | ||
| Sold | |||
| May 7, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed | $499,900 | |
| Listed | |||
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Welcome to 22 Covington Ave! Excellent 2 Bed 2 Bath home located in Billerica's treasured Pinehurst neighborhood, right on the Burlington line! Fantastic opportunity for first-time buyers or anyone looking for a single family home in a great location at a great price point. Inviting 3-season front porch leads to a delightful main living area with hardwood floors throughout & has a great flow for entertaining. Charming & bright kitchen with an ample amount of space & side entry. Good size living room, dining room, & full bathroom cap off the main level. 2nd floor has 2 bedrooms & another full bathroom. Full unfinished basement offers plenty of storage. 200 amp electric panel. Town Water & Sewer. Newer Roof (2019) Newer water heater (2022) & other great updates. Detached garage. Flat, fenced-in yard provides a great space for outdoor enjoyment. Superior location directly off route 3A and with great access to major highways. Stone's throw to shopping, restaurants, schools, and more!
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| Feb 2, 2007 | Sold | ||
| Sold | |||
| Jun 3, 2006 | Listed | $279,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017