605 Chestnut 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 1, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 18, 2025 | Listed by Coldwell Banker Realty - Salem | $295,000 | |
| Listed by Coldwell Banker Realty - Salem | |||
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Timeless Charm Meets Thoughtful Updates! This beautifully refreshed 1890 home has been a true family labor of love, offering classic character with modern improvements throughout. Set on two spacious lots with frontage on both Chestnut and Miller Streets, this property boasts incredible potential to develop .Step inside to an updated enclosed front porch and a warm, inviting foyer. The first floor features a large living room, a flexible bonus room perfect for a home office or playroom, a convenient first-floor bedroom, and a large eat-in kitchen with pantry. You’ll love the oversized bathroom with its vintage footed tub! Upstairs, find three freshly painted bedrooms, all with beautiful hardwood floors. Recent upgrades include: ,New wood siding, New roof, New bulkhead door. Fresh paint inside & out, Modernized electrical, Garage/outbuilding on the Miller Street side, On-street parking and plenty of room to grow, this home is full of opportunity—and charm!
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| Feb 16, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jan 3, 2024 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017