355 South 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 |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Aug 20, 2026 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $849,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
| May 26, 2026 | Sold | ||
| Sold | |||
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $625,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
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This classic cape style home was heavily damaged when a second floor water pipe burst during the winter. The house was cleaned and dried out by a professional cleaning service using dehumidifiers and fans. The first floor has been stripped down, with flooring, wallboard, insulation and kitchen and bathroom all removed. Second floor has minimum damage. Could be easily restored, though may not be financed by traditional lenders. Very nice lot, close to major roads and downtown Reading.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017