56 Main 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 |
|---|---|---|---|
| May 9, 2025 | Listed | $259,900 | |
| Listed | |||
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Discover an exceptional blend of character, versatility, and modern comfort in this fully renovated gem right in the heart of North Troy’s village center. Formerly a bank and now a thoughtfully updated 1,800 sq. ft. residence, this property offers a rare opportunity to live and/or work in a space that’s both functional and full of history. Zoned for both residential and commercial use, the layout lends itself beautifully to a range of possibilities—whether you're envisioning a cozy home, boutique storefront, creative studio, or professional office. The interior features an open-concept kitchen/dining/den area, a bedroom, a ¾ bath with laundry, and an expansive front room perfect for gathering, entertaining, or welcoming clients. You'll also find three original, fully operational safes—two walk-ins and a secure drop box—adding both charm and utility. Updates include new metal roofing, siding, windows, flooring, heating, electrical, and more. Convenient parking includes both street access and deeded offsite spots. Just minutes from Jay Peak and steps to the Canadian border—this property is as practical as it is unique.
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| Jun 4, 2021 | Sold | ||
| Sold | |||
| Apr 26, 2021 | Listed by Jim Campbell Real Estate | $121,900 | |
| Listed by Jim Campbell Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017