1 Salem Street
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 |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by Coldwell Banker Realty - North Reading | $849,000 | |
| Listed by Coldwell Banker Realty - North Reading | |||
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Welcome to this renovated multi-family home on a spacious corner lot in a great location. Originally a single-family residence, this property has been converted into a versatile multi-family home, perfect for extended families or rental income. The main house features a kitchen with stainless steel appliances, granite countertops, and an eat-in area. There are 3 generous sized bedrooms, a living room, dining room, kitchen, 2 full baths, and the laundry. The primary suite offers a spa-like bathroom with dual vanities, a glass shower, and a walk-in closet. The second unit includes a kitchen, living room, 1.5 baths, laundry, a bedroom and an office on the second floor. The interior of the home has been freshly painted. The furnace has been recently replaced as well as the hot water tank. Outside, you'll enjoy summer BBQ's, gardening or just relaxing. North Reading is known for its friendly community, excellent schools, and proximity to parks, shopping, golf courses, and dining
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| Jul 21, 2004 | Sold | ||
| Sold | |||
| Jul 13, 2000 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017