Lot 40 Osborne Rd
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 |
|---|---|---|---|
| Nov 28, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Sep 29, 2025 | Price Decreased |
$49,000
↓ $11K
(18.2%) | |
| Price Decreased | |||
| Sep 20, 2025 | Listed by Keller Williams Realty | $59,900 | |
| Listed by Keller Williams Realty | |||
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This mostly level, wooded, and partially cleared lot meets town of Ware’s dimensional building requirements in the Rural Residential zoning district. Septic plans have already been approved for a 3-bedroom home and a 1-bedroom accessory dwelling unit (ADU), offering excellent flexibility for multigenerational living or additional income potential. Septic Plans are also available for a 3-4 bedroom primary residence, not yet submitted to town. The lot provides a natural setting with privacy and a convenient location just minutes from Quabbin Reservoir, Ware Center, schools, and local amenities. With much of the groundwork already completed, this property presents a fantastic opportunity to bring your vision to life.Buyer and buyer’s agent to perform all due diligence with the Town of Ware.
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| Dec 19, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017