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8 CHAPEL AVE
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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 10, 2026 | Price Decreased |
$1,150,000
↓ $100K
(8%) | |
| Price Decreased | |||
| Jul 29, 2026 | Listed by Real Broker, LLC | $1,250,000 | |
| Listed by Real Broker, LLC | |||
| Jan 25, 2025 | Price Increased |
$999,000
↑ $49K
(5.2%) | |
| Price Increased | |||
| Dec 1, 2024 | Listed | $950,000 | |
| Listed | |||
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NEW CONSTRUCTION. Breaking ground January 2025. Expected delivery end of summer 2025. Please register interest with the listing agent to stay up-to-date with construction news and completion dates. If you are searching for luxurious modern farmhouse living, then Chapel Oaks is everything you have been looking for. Once complete 8 Chapel Ave will be a stunning 3,200 sqft modern farmhouse, proudly crafted by award-winning Red Oak Builders, with distinctive black siding and elegant wood details. Located conveniently near the lively Downtown Medford, this home will be a masterpiece of modern design and comfort. This home will feature stunning double-height ceilings in the living and dining areas, creating an open, airy atmosphere that is both welcoming and impressive. Natural light will flood the space through skylights over the kitchen, highlighting the sleek, modern finishes and thoughtful layout. The first floor will feature a bedroom complete with a walk-in closet and an ensuite, perfect for guests or as a convenient main-level primary. An additional room on this floor will serve as a study or home office. Upstairs, you will find three more bedrooms, one with its own ensuite. The convenience of an upstairs laundry room adds to the home’s functional appeal. And enjoy outdoor living at its finest with a covered dining area and a fully equipped outdoor kitchen, perfect for al fresco dining. A detached two car garage complements the property. If you are dreaming of adding your own personal touch to the build, the builder is open to offering negotiable finishes such as flooring, paint color, tiles choices, countertops, appliance packages and cabinet choices. If not, the design will still continue to wow, and you can just move right in once complete. Chapel Oaks will truly be homes to marvel at, two masterpieces in the heart of Medford.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017