508 Central Street
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 |
|---|---|---|---|
| Oct 31, 2025 | No longer available | - | |
| No longer available | |||
| Jul 21, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 10, 2025 | Listed by eXp Realty | $900,000 | |
| Listed by eXp Realty | |||
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With over 2,700 sq ft of living space, this rare 5-bedroom, 2-bath single-family home offers built-in flexibility for today—and room to evolve with your needs. A SECOND full kitchen on the upper level opens the door to multi-generational living, private guest quarters, or income-producing potential (buyer to verify) Inside, you'll find multiple living areas across two expansive levels—ideal for creating dedicated spaces for remote work, play, or extended stays. The layout is smart, adaptable, and designed to support a variety of lifestyles. Outside, a generously sized lot with plentiful off-street parking adds convenience and room to expand, while the location—just minutes to Route 1, shops, schools, and Breakheart Reservation—delivers daily ease and long-term value. Whether you're looking to accommodate a full household, offset costs, or grow into the space over time, this property positions you for success in one of Saugus’ most connected neighborhoods.
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| May 24, 2005 | Sold | ||
| Sold | |||
| Jul 6, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017