388 Main 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 |
|---|---|---|---|
| Jul 15, 2022 | Sold | ||
| Sold | |||
| May 11, 2022 | Listed by RE/MAX On The River, Inc. | $1,240,000 | |
| Listed by RE/MAX On The River, Inc. | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 10, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $950,000 | |
| Listed | |||
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A masterful blend of a painstaking, historically-accurate restoration & modern amenities makes this home a rare gem. This stately WATERFRONT home has 11 rooms, 4 working fireplaces, 5 bedrooms, 2 1/2 baths & an updated Plain & Fancy/Corian kitchen open to a dining area/family room. Water views from every room! The deepwater dock sits on its own spacious waterfront lot (70’ frontage)w/ spectacular views up & down the Merrimack River. The house has a great flow for everyday living & a first floor laundry, large sunny back deck to take in the huge private back yard that backs up to the Pow Wow river. Waterfront on two sides! The current owners have been careful stewards of the home & it shows: completely renovated, every system & fixture updated w/ quality & attention to detail . Close to the downtown Amesbury, Newburyport, commuter rail, highways & Boston. Jump in your boat and enjoy the river, spectacular North Shore beaches & beyond! Hurry this is the one you have been waiting for! The manager has listed the unit size as 2843 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017