5 Merrill 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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 14, 2025 | In contract | - | |
| In contract | |||
| Apr 10, 2025 | Listed | $585,000 | |
| Listed | |||
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Relax around your inground pool, 1 yr old liner & safety cover. Tend to your raised bed gardens. Let the dogs run free in their own kennel area. This could be the home for you. Large kitchen has SS appliances, included. Eating area with large windows, skylights and vaulted ceiling. Expansive living room with 2 picture windows, french doors, recessed lighting. 1st floor office area with access to sun porch and exterior. 1st floor full bath. Sun porch has dog door with access to kennel area. 2nd floor Main bedroom, bath and walk in closet, 2 additional bedrooms, walk up attic access. Basement room for crafts, working out, toys, tools, lots of possibilities. You could do some updates, cosmetic changes and personal touches to make this your own. Easy access to 495 & 95, close to shopping, historic attractions, Amesbury Riverwalk trail. Apprx. 10 minutes to Newburyport, restaurants and close to beaches.
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| May 5, 2015 | Sold | ||
| Sold | |||
| Mar 11, 2015 | Listed by Stone Ridge Properties, Inc. | $278,500 | |
| Listed by Stone Ridge Properties, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017