23 Summit Ave
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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by Compass | $449,000 | |
| Listed by Compass | |||
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Welcome to 23 Summit Avenue, a charming residence in the heart of Lawrence, MA. This inviting home boasts 3 spacious bedrooms and 1.5 baths, perfect for comfortable living. The gleaming hardwood floors add warmth and elegance throughout the main living areas. A standout feature is the detached garage offering 2 parking spaces, complemented by an additional 2 driveway spaces, ensuring ample parking for family and guests. Conveniently located near the 495 highway, this home provides easy access to public transportation, making commuting a breeze. Enjoy the proximity to Essex Plaza shopping center, where dining and shopping options abound. Don't miss the opportunity to make this delightful property your new home!
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| Oct 4, 2005 | Sold | ||
| Sold | |||
| May 4, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017