28 Mechanic Street
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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Jul 13, 2025 | In contract | - | |
| In contract | |||
| Jun 16, 2025 | Listed by Realty One Group Nest | $478,500 | |
| Listed by Realty One Group Nest | |||
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Cute, quaint & simply adorable is this delightful home in Beverly MA offering a blend of classic charm & modern convenience with an amazing aura throughout! This Home presents spacious bedrooms and 1.5 bathrooms, one bedroom with a unique and crafty walk in closet. The first level boasts a bright, eat in open kitchen designed for easy living that leads to you half bath with laundry area, the home also is complemented by a sun-drenched living room with attractive bay windows. Outside, the fenced in backyard is a versatile haven, perfect for quiet enjoyment, your summer garden ideas or for lively entertaining. Located on a desirable one-way street, residents of this HOME will appreciate the exceptional access to Beverly's many amenities, including Lynch Park, Dane Beach, The Cabot Theatre, downtown's multitude of shops, restaurants and entertainment, the beautiful beaches, park reserves & fishing within a mile of the HOME and the effortless commuter rail station for access to the Boston.
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| Aug 29, 2019 | Sold | ||
| Sold | |||
| Apr 26, 2019 | Listed by Keller Williams Realty Evolution | $293,900 | |
| Listed by Keller Williams Realty Evolution | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017