381 Water St
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 30, 2025 | Sold | ||
| Sold | |||
| Sep 27, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Listed by RE/MAX Innovative Properties | $619,900 | |
| Listed by RE/MAX Innovative Properties | |||
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Welcome to your new sanctuary in the heart of Wakefield!This delightful single-family home boasts 3 bedrooms and 1 full bath, making it the ideal space for families or those seeking room to grow w amazing space in LL.Features spacious living areas -front to back living room perfect for family gatherings ,good size eat in kitchen, large dining room opening to large trex deck w covered awning, massive lower level w fin. living area w wood stove, additional space for play area for kids, or a home gym, this large space can adapt to your needs. The expansive fenced backyard is a true highlight! With a lovely deck with a covered awning, perfect for relaxing and hosting summer barbecues.Theres plenty of room for kids to play, gardening, or enjoying a quiet night under the star. Forget about your parking woes! With a generous driveway, theres plenty of space for multiple vehicles,making it easy for you and your guests.Enjoy the small town feel while being close to Boston and attractions.
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| Sep 2, 2025 | No longer available | - | |
| No longer available | |||
| Aug 7, 2025 | Price Decreased |
$659,900
↓ $20K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017