$700,000
●
Multifamily -
Off Market
9 Maple Cir
Marblehead, MA 01945
6 Beds
2 Baths
2,424 Ft²
$680,493
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model
About This Property
Sunday Open house has been CANCELLED. - OPPORTUNITY KNOCKS! This
6-bedroom - 4 in the upper unit and 2 in the lower unit, 2-bath
multi-family sits on an amazing .52 acre lot. Plenty of parking,
two sheds and lots of potential. Current long-term tenants are both
TAW. The upstairs unit also offers a generous covered, screened-in
porch. Possibility to convert to a single-family residence (at
buyer due diligence), expand footprint on large lot (at buyer due
diligence), occupy one unit while offsetting mortgage and expenses
with rental income from the second unit or collect rent from the
two units. The home needs renovations throughout and is being sold
"AS IS". No warranties and representations are made. Requires a new
roof. Buyer to do their due diligence. Seller has not lived in the
home for over 10 years. Sunday Open house has been CANCELLED.
Unit Size
2,424 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$247
Property Type
Multifamily
Property Taxes
$655
HOA Dues
-
Year Built
1920
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 5 years ago (MLSPIN #72879458)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2021 | Sold | ||
| Sold | |||
| Aug 11, 2021 | Listed by Conway - Swampscott | $599,000 | |
| Listed by Conway - Swampscott | |||
Property Highlights
Parking Available
Parking Details
Parking Features: Off Street, Paved
Interior Details
Full Bathrooms: 5
Rooms: 10
Basement: Partial
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Lead Paint: Unknown
Lot Features: Cleared
Lot Size Area: 0.52
Lot Size Units: Acres
Lot Size Acres: 0.52
Zoning: SR
Parcel Number: M:0039 B:0005 L:0, 2021126
Water Source: Public
Financial Details
Tax Assessed Value: $754,500
Tax Annual Amount: $7,862
Utilities Details
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/02/2024
| |
7 Bed
|
2 Bath
|
2424 ft²
|
$969,000
7 Bed
2 Bath
2424 ft²
|
$925,000
-4.54%
02/27/2025
|
Paula Pickett
Coldwell Banker Realty - Marblehead
|
|
08/11/2021
| |
6 Bed
|
2 Bath
|
2424 ft²
|
$599,000
6 Bed
2 Bath
2424 ft²
|
$700,000
+16.86%
10/05/2021
|
Ruocco Group
Conway - Swampscott
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017