39 Phillips Ave
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 |
|---|---|---|---|
| Jan 12, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 6, 2025 | Listed by Real Broker MA, LLC | $450,000 | |
| Listed by Real Broker MA, LLC | |||
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New to the market! You won't want to miss your chance to own this perfect starter or downsize home in Shrewsbury that is located in a great commuting location close to 290 and route 9, just a hop, skip, and a jump from UMASS, and a quick walk to shopping, dining, etc. This adorable home offers a great layout with a living room, den, updated kitchen, updated full bath, and primary bed room on the first floor with two additional bed rooms on the 2nd floor offering flexible space for kids, guests, office, or hobbies. Outside you will find a large flat yard, shed, and large deck for all your entertaining desires. Properties like this at this price don't hit the market often so snap this one up before the market heats up in 2026.
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| Dec 31, 2019 | Sold | ||
| Sold | |||
| Sep 25, 2019 | Listed by Keller Williams Realty Greater Worcester | $225,000 | |
| Listed by Keller Williams Realty Greater Worcester | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017