56 Summer 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 23, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Listed by Lyv Realty | $648,500 | |
| Listed by Lyv Realty | |||
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Goodbye summer, hello 56 Summer Street! This well-situated 4-bedroom, 2-bath ranch offers convenience and charm. Enjoy proximity to Stackpole Field, shops, the library, and an MBTA bus line - all in a neighborhood setting. The main level features a bright living room with fireplace and an attached sunroom - perfect as an office, playroom, or activity space. The spacious kitchen boasts a large island with gas range and glass-paned cabinets, plus a mudroom for extra storage. Three bedrooms, a full bath, and a half bath complete the main level. The lower level includes a large family room, an additional bedroom, and space already studded for walls - ideal for in-law or multigenerational living. Partial composite deck, level-fenced in yard and detached garage with automatic door make up exterior highlights. Major updates include a 6 years young roof and central AC. If you've been searching for affordability in Saugus with potential to make it your own and grow equity - this may be the one!
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| Jun 1, 2018 | Sold | ||
| Sold | |||
| Apr 10, 2018 | Listed by Carpenito Real Estate, Inc. | $419,900 | |
| Listed by Carpenito Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017