31 South St
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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 21, 2026 | In contract | - | |
| In contract | |||
| Oct 13, 2026 | Listed by eXp Realty LLC | $489,000 | |
| Listed by eXp Realty LLC | |||
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Dec 8, 2025 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by Keller Williams Realty-Merrimack | $314,900 | |
| Listed by Keller Williams Realty-Merrimack | |||
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Attention Contractors & Flippers! Rare waterfront opportunity on Harbor Pond in Townsend! This 6-room, 3-bedroom, 1.5-bath home offers endless potential and is ready for renovation and updates throughout. The first floor includes a bedroom, an open dining/kitchen area, and a living room with stunning pond views. Upstairs, you’ll find two additional bedrooms, including one with its own water view. Situated on a half-acre lot, the property provides direct access for fishing, kayaking, and canoeing right from your backyard. With a prime commuter location near Route 119, this is your chance to reimagine and restore a rare waterfront property in Townsend!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017