31 Palmer 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 |
|---|---|---|---|
| Oct 10, 2025 | Sold | ||
| Sold | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by Compass | $749,000 | |
| Listed by Compass | |||
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Welcome to this newly updated 4BR, 1.5BA colonial single family house on a quiet dead-end street near the Natick line! The first floor offers a spacious fireplaced living room with hardwood floors, a formal dining and a renovated kitchen with quartz counters, stainless appliances, bay window & recessed lights. Enjoy the sunny 4-season room with walls of windows leading to a deck and a tree-lined, fully fenced backyard. Upstairs you'll find 4 bedrooms and an updated full bath; one currently used as an office. Walk-up 3rd floor offers 2 bonus rooms ideal for play room, additional bedroom, or future expansion. Fresh paint, newer systems, windows, roof, and siding. Attached 1-car garage plus 2 driveway spaces on the driveway. Unbeatable location close to schools, Shopper's World, Natick Mall & major routes with easy access to Waltham, Newton, Cambridge & Boston!
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| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 6, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017