1
Map
58 Summer Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 10, 2025 | Sold | ||
| Sold | |||
| Oct 23, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Redfin Corp. | $825,000 | |
| Listed by Redfin Corp. | |||
   | |||
|
Come see this charming Victorian located an easy walk from vibrant downtown Melrose! This house blends classic character with modern updates. The first floor has an open layout with a large kitchen with center island and lots of cabinet space. First floor full bath with laundry. Upstairs you'll find three generously sized bedrooms and a spacious bath with a jacuzzi tub. Additional amenities include central air, newer furnace, central vac, solar panels and more.
| |||
| Nov 9, 2011 | Sold | ||
| Sold | |||
| Aug 12, 2011 | Listed by Century 21 Sexton & Donohue | $369,900 | |
| Listed by Century 21 Sexton & Donohue | |||
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017