85 College Hwy
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 |
|---|---|---|---|
| May 6, 2025 | Sold | ||
| Sold | |||
| Apr 1, 2023 | In contract | - | |
| In contract | |||
| Jan 11, 2023 | Relisted | $66,000 | |
| Relisted | |||
| Jan 9, 2023 | No longer available | - | |
| No longer available | |||
| Apr 10, 2021 | Listed | $139,900 | |
| Listed | |||
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LOCATION~ LOCATION! Beautiful 2 acre lot close to the CT line~across from Historical Society. The red barn on the property is in very poor condition & has collapsed ~The seller will not remove~PLEASE DO NOT ENTER THE BARN! Convenient to Bradley Int. Airport & Hartford Ct /Springfield, MA. Additional abutting 18+ acre parcel is also available for sale on 22 Nicholson Hill Rd.
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