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$400,000
● Multifamily - Off Market

3-5 Alder St

bedrooms
7 Beds
bathrooms
3 Baths
square feet
2,552 Ft²
$755,660
RealtyHop Estimate
76.60%
Since Aug 1, 2005
National-US
Primary Model

About This Property

This is a mint condition large duplex with 2 full bathrooms and 4 bedrooms on owners side with a mint condition. Rental side with central air and 3 bedrooms.
Unit Size
2,552 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$168
Property Type
Multifamily
Property Taxes
$178
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 years ago (MLSPIN #70167775)

Price History

Date / Event Date Event Price
Jul 27, 2005 Sold
Premium
Sold
Apr 4, 2005 Listed by LAER Realty Partners $427,900
Listed by LAER Realty Partners

Property Highlights

Parking Details
Parking Features: Paved Drive
Interior Details
Full Bathrooms: 3
Interior Features: Unit 1(Ceiling Fans, Storage), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Disposal, Refrigerator), Unit 2(Range, Dishwasher, Disposal), Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Gas Dryer
Laundry Features: Unit 2 Laundry Room
Rooms: 13
Basement: Sump Pump
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 4
Building Area Units: Square Feet
Patio and Porch Features: Patio
Lead Paint: None
Lot Features: Corner Lot
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: Res
Parcel Number: M:0025 B:0000 L:0178, 3509083
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $176,600
Tax Annual Amount: $2,133
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Gas Dryer
Cooling Type: Unit 2(Central Air)
Heating Type: Unit 1(Central Heat, Steam, Gas), Unit 2(Central Heat, Steam, Gas)
Sewer : Public Sewer, City/Town Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 70167775
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