59 Cherry 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 |
|---|---|---|---|
| May 19, 2026 | Sold | ||
| Sold | |||
| Apr 15, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Listed by Rise Signature Homes | $749,000 | |
| Listed by Rise Signature Homes | |||
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Welcome to 59 Cherry St, a beautifully maintained 3-bedroom, 1 and 3/4 bathroom home offering just over 1,400 sq ft of comfortable living space in one of Malden’s most desired neighborhoods. Pride of ownership shines throughout, from the hardwood floors to the thoughtfully cared-for interior. The cozy living room flows into a sun-filled dining room, perfect for everyday living and entertaining. A spacious kitchen features stainless steel appliances and convenient access to a full bathroom. Upstairs, you’ll find three well-sized bedrooms plus bonus attic space ideal for a home office, gym, or extra storage. Step outside to enjoy a great-sized yard, patio area, and deck—perfect for relaxing or hosting. Additional highlights include forced hot air heating and central air conditioning. Commuters will love the easy access to bus routes, the T, downtown Malden, and Boston. A home like this is one you’ll truly love!
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| May 26, 2005 | Sold | ||
| Sold | |||
| Mar 28, 2005 | Listed | $394,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017