Lot 58 Northboro 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 |
|---|---|---|---|
| Sep 17, 2021 | Sold | ||
| Sold | |||
| Feb 23, 2021 | Listed by Real Broker MA, LLC | $250,000 | |
| Listed by Real Broker MA, LLC | |||
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The City of Worcester is experiencing some nice growth! This land is close to UMASS Memorial Medical School. Level acre and a half City lot with lots of potential. Zoning RL-7 allows for single family, duplex lots and a number of other options with Special Permit or Site Plan Approval. Property to be divide from larger parcel. House number 56 and garage to remain. Buyer/builder/developer responsible for all engineering and costs to divide lot and build access. Great potential in the heart of Worcester!
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