$793,000
●
Multifamily -
Off Market
29-31 Spring Street
Lexington, MA 02421
4 Beds
3 Baths,
1
Half Bath
2,928 Ft²
$1,322,409
RealtyHop Estimate
76.56%
Since Jun 1, 2005
MA-Boston
Primary Model
About This Property
Rare find! 1920's Woodhaven two family on 1+ acre lot! Fireplaces,
natural woodwork, newly refinished hardwood floors, cherry kitchen,
center island, in-unit laundry in first floor unit. Updated kitchen
and 1.5 baths, walk-up attic in 2nd unit, updated systems, two car
garage, great commuter location. Enjoy the possibilities!
Unit Size
2,928 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$256
Property Type
Multifamily
Property Taxes
$569
HOA Dues
-
Year Built
1925
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 years ago (MLSPIN #70177526)
Price History
Property Highlights
Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks))
Appliances: Unit 1(Range, Dishwasher, Disposal), Unit 2(Range, Disposal), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Flooring Type: Wood, Tile
Laundry Features: Washer Hookup
Rooms: 12
Has Fireplace
Fireplaces: 2
Basement: Full
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Size Area: 1.19
Lot Size Units: Acres
Lot Size Acres: 1.19
Zoning: RS
Parcel Number: 550023
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $602,000
Tax Annual Amount: $6,827
Utilities Details
Utilities: for Gas Range, for Electric Range, Washer Hookup
Heating Type: Unit 1(Steam, Gas), Unit 2(Steam, Gas)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/29/2024
| |
6 Bed
|
4 Bath
|
3500 ft²
|
$1,600,000
6 Bed
4 Bath
3500 ft²
|
$1,570,000
-1.88%
04/04/2024
|
Xingwei Huang
The Realty Concierge
|
|
06/05/2023
| |
6 Bed
|
3 Bath
|
3500 ft²
|
$1,600,000
6 Bed
3 Bath
3500 ft²
|
-
-
|
Xingwei Huang
The Realty Concierge
|
|
05/19/2016
| |
4 Bed
|
2 Bath
|
3035 ft²
|
$968,000
4 Bed
2 Bath
3035 ft²
|
$978,000
+1.03%
07/28/2016
|
Mary Lou McDonough
Barrett Sotheby's International Realty
|
|
04/21/2005
| |
4 Bed
|
2 Bath
|
2928 ft²
|
$749,000
4 Bed
2 Bath
2928 ft²
|
$789,500
+5.41%
05/31/2005
|
Susan Gilbert Phillips
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017