40 Butts 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 |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| May 5, 2025 | In contract | - | |
| In contract | |||
| Apr 28, 2025 | Listed | $849,990 | |
| Listed | |||
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Contractor, Investor, or Savvy Buyer—Unlock the Potential at 40 Butts Road, Newton! Located just steps from Pettee Square Plaza, this 2-bedroom, 1.5-bath single-family home is brimming with opportunity. Featuring hardwood floors, a classic layout, and a charming front porch, this property is ready for your personal touch and renovation vision. Enjoy a level backyard, detached garage, and unbeatable convenience—walk to Needham Street shopping, public transportation, and easy access to major highways. A rare opportunity to build equity in a prime Newton location! Property to be sold as-is. Don’t miss out!
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| Dec 30, 2015 | Sold | ||
| Sold | |||
| Nov 5, 2015 | Listed by Century 21 Commonwealth | $525,000 | |
| Listed by Century 21 Commonwealth | |||
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