261 Main Avenue
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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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Jun 18, 2025 | Listed by Keller Williams Realty-Metropolitan | $1,100,000 | |
| Listed by Keller Williams Realty-Metropolitan | |||
| | |||
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GRACIOUS SEACOAST LIVING WITH A NOD TO THE PAST…A LANDMARK RESIDENCE IN AN IDYLLIC PASTORAL SETTING! Nestled on a scenic country road near the state border minutes to Amesbury, Newburyport and beaches, this 1920 Colonial blends history, character, and versatility on beautiful acreage. Quaint stone walls and a covered portico welcome you to stylish interiors where wide plank floors, oversized windows and classic millwork recall a bygone era. Gather in the sun-filled living room or unwind by the gas fireplace in the family room as you take in natural views. Host book club in the front keeping room, relax on the screened porch or savor special occasions in the dining room while adjacent vintage eat-in kitchen and butler’s pantry make entertaining a snap. Enjoy morning coffee and birdsong on the patio with rolling green hills in the distance as your backdrop. Delightful summer days unfold by the in-ground pool and cabana while evenings bring painted skies and wildlife sightings. The mudroom easily collects outdoor things and dual sinks make clean up easy. Unwind in serene bedrooms upstairs, rejuvenate in the refreshed bath and work from home in the office. Guests, family or renters will delight in a private in-law wing with its own entrance, kitchen, living area and special elevated screened porch. Enjoy top-tier schools and small-town seasonal celebrations nearby. NEW ENGLAND CHARM, MODERN COMFORTS AND SPACES THAT FLEX TO FIT YOUR LIFE! THIS IS THE PERFECT PLACE TO CALL HOME!
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| May 29, 2015 | Sold | ||
| Sold | |||
| Nov 20, 2014 | Listed by www.EntryOnly.com | $499,900 | |
| Listed by www.EntryOnly.com | |||
| Oct 1, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017