61 Wallace 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 |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| May 14, 2025 | In contract | - | |
| In contract | |||
| May 8, 2025 | Listed | $749,900 | |
| Listed | |||
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Forestdale! A stone's throw to Waitt's Mount & appx. 0.5 miles to Oak Grove Train Station! This three bed 1.5 bath expanded Garrison Colonial on dead end street is a wonderful opportunity. The foyer welcomes you into a spacious living room w/picture window & hardwood floors that lead into the dining & kitchen area. The kitchen offers ample cabinetry, a new stainless dishwasher & refrigerator, eat in area, & a view of the oversized family room. This amazing space has cathredral ceilings & many windows that overlook the backyard with newer sliders to the deck- a great space for family living &entertaining. A 1/2 bath & an adorable, enclosed porch compete the first floor. The third floor has three well-sized bedrooms & a fully renovated bathroom! The finished basement area has new vinyl flooring & provides even more space! Vinyl siding, central air, off-street parking, gas heating, & fenced in yard! Enjoy Malden & Melrose's vibrant downtown areas! Privacy & convenience at its finest!
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| Feb 20, 2018 | Sold | ||
| Sold | |||
| Jan 11, 2018 | Listed by Century 21 Bond Realty, Inc. | $499,000 | |
| Listed by Century 21 Bond Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017