48 River 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 |
|---|---|---|---|
| Dec 31, 2025 | Sold | ||
| Sold | |||
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2025 | Price Decreased |
$449,900
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Nov 12, 2025 | Price Decreased |
$459,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Oct 27, 2025 | Listed by LPT Realty, LLC | $469,900 | |
| Listed by LPT Realty, LLC | |||
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Waterfront gem located directly on the Charles River, this picturesque property offers serene river frontage in a peaceful neighborhood. Surrounded by the captivating beauty of nature, this updated ranch-style home combines functionality with a warm, inviting ambiance. Large windows and a sliding glass door provide stunning river views, flooding the interior with natural light and creating a seamless connection to the outdoors. Recent updates include new quartz kitchen counters, central A/C, beautifully updated shower and full backyard fencing (2023), upgraded electrical service with generator hookup, hot water tank (2021), new slider to deck, replacement windows (2015–2016), roof (2015), and furnace (2010). The home comes fully furnished with all-new (2023) furniture, a 65-inch Samsung TV, custom blinds, a new LP wired gas grill, a smokeless fire pit, and roof heater cords. Enjoy the best of waterfront living — swim, fish, kayak or boat right from your private backyard!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017