3 Norman Road
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 |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed | $589,900 | |
| Listed | |||
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Wonderful opportunity to own a move-in ready single family in a prime Billerica neighborhood with an in-ground pool just in time for summer! This 3bed/1bath ranch features hardwood floors, wood-burning fireplace in the living room, an updated eat-in kitchen, AC, and a gracious finished lower level space perfect for an entertainment space, home office, or gym. 10K+ sq foot level lot with large yard space, a pristine in-ground pool, and fire pit/patio area. Many owner updates include 2024 roof + new exterior paint. Convenient commuter location on the Billerica/Tewksbury line with Rt 3 nearby for easy access into the city, close to many parks, Silver Lake, groceries stores, Burlington Mall and so much more! This is a must see!
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| Aug 23, 2016 | Sold | ||
| Sold | |||
| Aug 6, 2009 | Sold | ||
| Sold | |||
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