1
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3 Lincoln Avenue
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 |
|---|---|---|---|
| May 9, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Apr 8, 2025 | Listed | $725,000 | |
| Listed | |||
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Charming and beautifully updated, this 4-bedroom home offers a perfect blend of classic character and modern upgrades. Featuring a newer roof, windows, siding, and stunning hardscaping, the property is in excellent, move-in condition. Inside, enjoy gleaming wood floors throughout and a beautifully renovated kitchen that is as stylish as it is functional. Located just moments from downtown Marblehead and the historic district, you'll love the easy access to shops, restaurants, and the town’s rich heritage. Outdoor enthusiasts will appreciate the proximity to Green Street playground and Stramski Park, with its direct access to Salem Harbor. Whether you’re looking for your first home, a downsizing option, or a weekend getaway, this turnkey property offers the best of Marblehead living—charm, location, and convenience. Ideal option for single floor living as well. Don’t miss this opportunity to own a meticulously maintained home in a wonderful Marblehead location!!
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| Nov 28, 2005 | Sold | ||
| Sold | |||
| Jun 7, 2005 | Listed | $380,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017