87 Riverbank Rd
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 |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 9, 2025 | Listed by Compass | $799,000 | |
| Listed by Compass | |||
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Welcome to 87 Riverbank Rd, a beautifully renovated colonial tucked away on a quiet side street with views of the Saugus River and just minutes from Saugus Center. This turn-key home blends modern upgrades with classic charm, offering four bedrooms and three full bathrooms across 3 levels of living space. The open-concept first floor features a brand-new kitchen with granite countertops, stainless steel appliances, and a center island that flows seamlessly into the formal dining and spacious living rooms — perfect for entertaining or everyday living. A first-floor bedroom and a full bathroom with laundry add flexibility and convenience. Upstairs, the primary suite includes a walk-in closet and a private bathroom, while two additional bedrooms share a second full bath. The finished lower level offers even more living space, ideal for a family room, playroom, or home office. This move-in-ready gem won’t last long — contact us for more details!
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| Apr 18, 2017 | Sold | ||
| Sold | |||
| Jan 6, 2017 | Listed by RE/MAX Leading Edge | $469,900 | |
| Listed by RE/MAX Leading Edge | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017