28 Elm St
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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Listed by Keller Williams Realty Boston Northwest | $495,000 | |
| Listed by Keller Williams Realty Boston Northwest | |||
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Welcome to 28 Elm Street, Methuen, Massachusetts, nestled in a desirable area of Essex County. This home offers 4 bedrooms and a full bath, featuring hardwood floors and granite countertops that add style and functionality. The kitchen comes complete with all appliances, making it move-in ready. Washer and Dryer to stay, enjoy outdoor living with a fenced-in yard, perfect for pets, gatherings, or to add additional living space with an ADU, and a classic farmer's porch that provides a cozy space to relax and unwind. Off-street parking adds convenience to this already appealing property. Open Saturday 10/4/25 from 12 to 1 PM and Sunday 10/5/25 from 11 AM to 12 PM.
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| Dec 27, 2024 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017