88 Converse Ave
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 12, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 29, 2025 | Price Decreased |
$629,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Mar 24, 2025 | Listed | $649,000 | |
| Listed | |||
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Detached single-family house with a large backyard and parking. The home features six rooms, three bedrooms, 1.5 baths, a living room with a fireplace, a dining room, and an enclosed front porch; Hardwood floors, gas heat from 2014, an architect-designed single roof, vinyl siding, and an updated electric panel. Easy access to public transit, steps from the Malden Center Station, Orange Line, Route 93, and Boston. All offers are due Tuesday, April 1, 2025, at noon.
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| Jun 30, 2014 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017