26
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845 2nd ST
About This Property
The main home features 2 bedrooms, 1 full bath and convenient indoor laundry, along with fresh exterior paint for an updated, welcoming appearance. A large covered porch provides the perfect place to relax beneath the shade trees and enjoy the peaceful setting. The property also includes a carport and storage shed, giving you additional space for vehicles, lawn equipment, lake gear and more.
Adding to the possibilities is a separate 1-bedroom, 1-bath home located on the property that is in need of renovation. Bring your ideas and transform this additional structure into guest quarters, a home office, studio or other flexible living space.
This secluded property is a total of .48 acres, made up of 2 lots, each complete with city utilities. Both homes are on one lot, leaving the open .24 acres available for a RV, additional home, garage/shop, or space to garden. With mature shade trees and a private setting, you'll have room to enjoy the outdoors while still being conveniently located within Somerville. Best of all, you're just minutes from the lake, making boating, fishing, camping, hiking, and weekend recreation easy to enjoy.
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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 22, 2026 | Listed by United Country Real Estate - Market Realty | $125,000 | |
| Listed by United Country Real Estate - Market Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017