56 Pearl St
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 |
|---|---|---|---|
| Mar 11, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Feb 17, 2025 | Listed | $214,900 | |
| Listed | |||
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Development opportunity available now in Gardner! This property is well suited for contractors, builders, and investors looking for their next project. A full interior rehab is needed to restore this brick building to its original glory. However, some recently completed updates will help to expedite the process, including a brand new roof and repaired sewer line, to name a few. Additionally, approved plans for converting to a 2-unit building and adding off-street parking will convey with the sale. Property is unlikely to qualify for conventional financing, a cash sale or rehab loan are preferred. Buyer and buyer's agent to perform their own due diligence, property is being sold in as-is condition. OPEN HOUSE: Saturday 10:00-11:30 AM.
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| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | Listed by Keller Williams Realty North Central | $95,000 | |
| Listed by Keller Williams Realty North Central | |||
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Attention Contractors & Builders Looking for a Project. This is a project for experienced builders, contractors and/or craftspeople. Many unique features remain throughout the property, but an entire rehab is needed. Former multi-family has lost its use status and is being sold as a single family. Property is on the City of Gardner's Abandoned Property List per the City. Buyer would have to consult with the City of Gardner about any usage and permits. Approvals required by the City of Gardner. Potential for the right Buyer. Cash sale or rehab ideal. Being Sold "as is". Not Bank Owned or Short Sale. Buyer and Buyer Agent to do all their own due diligence. Use extreme caution when viewing the property. No interior access to the property. Buyer responsible for smoke/carbon certificate. All measurements are approximate. Certain photos are from 2018.
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| Dec 3, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017