281 State Rd
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 |
|---|---|---|---|
| Apr 19, 2023 | No longer available | - | |
| No longer available | |||
| Dec 2, 2022 | Price Decreased |
$599,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Oct 22, 2022 | Listed by Lamacchia Realty, Inc. | $649,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Wonderful opportunity! Great property for a developer/builder. Mixed use with mainly residential. Easy access to RT 2 and gorgeous views of Bates Power Reservoir which the property abuts! Apx 800 Ft of frontage on both 2A and Athol Rd. Potential of a business on 2A and a home set back near reservoir. Other potential options could be "homes" built on the acreage. Seller is not willing to subdivide. See attached documents.
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| Sep 9, 2020 | Sold | ||
| Sold | |||
| Aug 24, 2016 | Listed by Berube Real Estate | $239,000 | |
| Listed by Berube Real Estate | |||
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Remarkable opportunity to build your dream house on about 13 lovely, wooded acres with about 7 acres ownership of a pond. About 138 feet of frontage on State RD, Rte 2A, and another 758 feet frontage on Athol RD as you turn the corner. This property abuts and includes some of the Bates Power Reservoir, originally built to be a water reservoir for the Town of Athol. There may be options for building a business that fronts on 2A and your private retreat back near the reservoir, or division of the land might be worth considering. About 1 mile west is Market Basket, 2 miles east is rte 2; extraordinary convenience. Land is to be divided from 43 acre lot where owner lives to the south. Exact dimensions and ownership of the land abutting the dam open to negotiation with satisfactory offer.
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