30 Sherman Ave
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 2, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Price Decreased |
$599,900
↓ $19K
(3.1%) | |
| Price Decreased | |||
| Mar 26, 2026 | Price Decreased |
$619,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Mar 4, 2026 | Listed by Thread Real Estate, LLC | $639,000 | |
| Listed by Thread Real Estate, LLC | |||
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PRICE IMPROVEMENT!! Welcome to coastal living in Nahant. This charming 3-bedroom, 1.5-bath home offers approximately 1,500 sq ft of flexible living space, ideal as a primary residence, second home, or high-performing Airbnb investment. Featuring gas heat, central gas, and a cozy fireplace, the home provides year-round comfort and efficiency. The versatile layout supports multiple sleeping arrangements, maximizing short-term rental potential while remaining comfortable for everyday living. Located minutes from Nahant’s beaches, scenic coastline, and outdoor recreation, the property is perfectly positioned for vacation rentals and weekend getaways. Nahant’s limited housing inventory, seaside appeal, and close proximity to Boston drive strong demand and attractive nightly rates. Whether you’re seeking rental income, a coastal retreat, or both, 30 Sherman Ave presents a rare opportunity to own in one of the North Shore’s most desirable seaside communities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017