8 Butterworth Road
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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 11, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Listed by Keller Williams Realty Evolution | $730,000 | |
| Listed by Keller Williams Realty Evolution | |||
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Welcome to this stunning 3-bedroom, 1.5-bath home in Beverly — recently named America’s hottest zip code! Thoughtfully updated and full of charm, this home blends style, comfort, and function. Step inside to find gorgeous shadow box molding in the living/ dining area, a stunning stone fireplace as the centerpiece, built in cabinetry and a built-in ceiling speaker system for effortless entertaining. The updated en suite half bath adds a modern touch of convenience. The finished basement provides endless possibilities — from playroom to home office to media space — while the workshop area is perfect for projects and hobbies. Outside, enjoy the convenience of a 1-car garage, a dedicated EV charger located conveniently outside the garage and a fenced yard for added privacy. Move-in ready with upgrades throughout, this home is truly a rare Beverly find!
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| Sep 7, 2022 | Sold | ||
| Sold | |||
| Jul 13, 2022 | Listed by Churchill Properties | $625,000 | |
| Listed by Churchill Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017