3 Reed Street
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 15, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed | $695,000 | |
| Listed | |||
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This charming 3 bedroom, 2 bath home is nestled in a fantastic Burlington neighborhood. The first floor boasts a newly renovated kitchen with granite countertops and stainless steel appliances. Natural light creates a warm and inviting atmosphere throughout the kitchen and dining areas. Large first floor bedroom with new carpeting. Second floor you will find two bedrooms with great closet space and access to a bathroom. This home also comes with newly installed central air and furnace. This home offers a blend of comfort, convenience and affordability. Just minutes away to schools, shopping, dining, parks and major highways.
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| Sep 1, 2022 | Sold | ||
| Sold | |||
| Jun 15, 2022 | Listed by RE/MAX On the Charles | $639,999 | |
| Listed by RE/MAX On the Charles | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017