48 Bay State 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 20, 2025 | Sold | ||
| Sold | |||
| Oct 27, 2025 | In contract | - | |
| In contract | |||
| Oct 6, 2025 | Listed by North Star RE Agents, LLC | $824,900 | |
| Listed by North Star RE Agents, LLC | |||
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Beautiful 3 bedroom Cape. This home is set back from the road with plenty of parking and a private back yard oasis. Nothing to do but move into this tastefully updated home with ample living space. The first floor has a young kitchen open to the dining room, 1/2 bath, living room, playroom/den with a closet and 3 season porch. The lower level offers great finished space including a 3/4 bath and walk out with a dog shed dormer. Upstairs is a full bath and 3 bedrooms with built ins for extra storage. The yard has a 2 car garage, above ground pool, patio with fire pit and privacy fencing. Almost equidistance, under 2 miles, to shops and restaurants at both downtown Wakefield and Reading, about 1/2 mile to Lake Quannapowitt and just under a mile to the 137 bus to Oak Grove/Malden Center.
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| Jan 30, 2015 | Sold | ||
| Sold | |||
| Dec 2, 2014 | Listed by RE/MAX Leading Edge | $339,900 | |
| Listed by RE/MAX Leading Edge | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017