56 Spring Street
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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.
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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 |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Aug 14, 2024 | Listed by Compass | $799,000 | |
| Listed by Compass | |||
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Single-family home for the price of a condo and in a highly sought-after neighborhood only a few blocks to the Global Biotech Hub in Central Square, a 1/2 mile to Boston and Green Line / Red Line public transportation options make this an IDEAL LOCATION to call HOME. This home is ready for someone to bring their own personal touches too and get additional equity from doing so. The first level features a kitchen, living room, while the second level has two bedrooms and a full bath, offering the perfect canvas for homeowners to design their dream house and bulid out the lower level for additional living space bring the interior to over 1400SF of living. Homes sales in the area are getting over $1.3 million and some fetching over $1000/PPSF. This home is ideally situated within a short walk to the Lechmere Green Line & the Global Biotech Hub of Kendall Square with the Charles River nearby too for biking, running and walking. Taxes w/ res exemption estimated at $1,798.81/annually
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Property Highlights
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About East Cambridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017