48 Washington 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%.
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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 5, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed | $779,000 | |
| Listed | |||
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Location, Location, Location! Charming 3 bedroom, 2 bath bungalow was extensively renovated in 2017. Updates included roof (both house & garage), driveway, refinished hardwood floors through most of the home, kitchen with farmer’s sink, granite counters, white cabinetry, and stainless steel appliances, 2 updated tiled bathrooms, heat and hot water, central air, laundry area/mudroom and more. First level includes living room, dining room, kitchen, bedroom, full bath and a bonus room. 2nd floor has the main bedroom with ensuite bath and another bedroom. Enjoy the upgraded recreation area across the street, Whitney Field at the Navy Yard and access the Cochituate Rail Trail from there. Stroll to the town center with shops, restaurants, library, the Natick Center for the Arts (TCAN), the Farmer’s market and the commuter rail station. Also, just steps to the Pegan Cove Trail. Great schools, fabulous shopping and easy access to major commuter routes. Don't miss this one!
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| Sep 29, 2022 | Sold | ||
| Sold | |||
| Aug 17, 2022 | Listed by Hammond Residential Real Estate | $649,900 | |
| Listed by Hammond Residential Real Estate | |||
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Welcome to this recently updated 3 bedroom bungalow/cape set on an excellent level lot. Minutes to the town center and train, this home is a perfect commuter's location. The foyer is ideal for a home office or a nice sun- filled sitting area. French doors lead into the front of the home with a nicely sized living room and dining room w/ built-in cabinetry. You also have an beautifully updated white cabinet kitchen with granite countertops, stainless steel appliances, and eating area. Directly off the kitchen you will find a mud room with stackable washer/dryer. The third bedroom can easily be used as a family room! Both bathrooms have been beautifully updated. Renovated in 2017 - you have a newer roof on main house and garage, central air, and updated heat /hw system, Enjoy the recreation area across the street, Whitney Field at the Navy Yard, the town center w/shops, restaurants, library and town square and Pegan Cove Trail, nearby and Cochituate Rail Trail.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017