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Hull 02045
40 Rockaway Avenue
$375,000
● House - Off Market

40 Rockaway Avenue

Hull, MA 02045
bedrooms
2 Beds
bathrooms
1 Bath
square feet
548 Ft²
$2,135
Est. Monthly
7.70%
Cap Rate

About This Property

Welcome to an exceptional opportunity to purchase this pre-existing non-comforming property in the Rockaway area of Hull. This 2 bedroom 1 bath bungalow is just steps away from the Weir River & Estuary, Bay and Nantasket Beach and sits on a 8,346 square foot lot offering incredible potential for expansion, renovation or a full tear down in order to build your dream home. NOT IN FLOOD ZONE. Minutes to commuter train and boat to Boston. Whether you're a savvy investor, contractor or future homeowner with vision; this property is a rare find in this sought after coastal community.
Unit Size
548 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$684
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1921

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 12 months ago (MLSPIN #73437357)

Price History

Date / Event Date Event Price
Nov 20, 2025 Temporarily off market -
Temporarily off market
Sep 30, 2025 Listed by Charisma Realty, Inc. $375,000
Listed by Charisma Realty, Inc.
Jun 30, 2025 Sold
Premium
Sold
Jun 8, 2025 In contract -
In contract
May 27, 2025 Price Decreased $399,000
↓ $26K (6.1%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,346
  • Total Building Area: 548
  • Gross Building Area: 736
  • Building Area: 548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 7
  • Heated Square Feet: 548
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Hull School District
  • School Tax School District: HULL SD
  • Census Tract: 500103

Zoning

  • Zoning: SFC

Geography

  • Account Number: 43-106
  • District: 142
  • Parcel: HULL M:00043 P:00106
  • Municipality: HULL
  • Latitude: 42.264
  • Longitude: -70.8546

    Address

  • Full Address: 40 Rockaway Ave
  • Address - House Number: 40
  • Address - Street Name: Rockaway
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Hull
  • Carrier Code: C010
  • 4-Digit Zip Code: 3150
  • Zip Code: 02045

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $339,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1338
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 359,121
  • High Value: 407,201
  • Low Value: 311,041

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $291,400
  • Assessed Land Value: $219,500
  • Assessed Improvements Value: $71,900

    Sales

  • Current Sale Recording Date: May 24, 2010
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00040298
  • Previous Sale Recording Date: Dec 17, 1993
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hull

Stats & Trends

Median Asking:

$772,000

Sale Price/ft²

$481

Below Asking

0.02%

Average Days on Market

70

Average Home Size

1930 ft²

Average Home Age

60.8 years

Currently For Sale

56 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 73437357

Frequently Asked Questions

When was property at 40 Rockaway Avenue built and last sold?
The property at 40 Rockaway Avenue was built in 1921 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40 Rockaway Avenue is $372,176.
What are some comparable homes to 40 Rockaway Avenue?
There are currently no comparable homes to 40 Rockaway Avenue.
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