48 Clarendon Avenue
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 1, 2026 | Sold | ||
| Sold | |||
| Apr 18, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Relisted | $230,500 | |
| Relisted | |||
| Mar 25, 2026 | In contract | - | |
| In contract | |||
| Mar 16, 2026 | Listed by Coldwell Banker Realty - Lynnfield | $539,900 | |
| Listed by Coldwell Banker Realty - Lynnfield | |||
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Don’t miss this beautifully updated home with extensive improvements made over the past 10 years. The modern interior offers a clean, balanced feel with a remodeled front foyer, recessed lighting, a fully renovated kitchen, updated bathrooms, and recent electrical updates. Major updates include new LG appliances in 2017, a 2019 furnace that was recently serviced, roof/siding/gutters in August 2021, front and back decks in 2023, updated stonework, and a water heater replaced in 2025. All bedrooms are located on the second floor, including a primary bedroom with a walk-in closet. The second-floor full bath features a tub/shower combo and single vanity, and the main level includes a convenient half bath. You'll also find plenty of additional storage space in the full basement. Email, text or call listing agent to schedule. 24 hour notice appreciated.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017