117 Salem St
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 |
|---|---|---|---|
| Oct 6, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Listed by Compass | $649,900 | |
| Listed by Compass | |||
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Welcome to this charming 3-bedroom ranch in Wakefield’s Lakeside neighborhood! Featuring a flexible layout and plenty of space to make it your own, this home includes 1 full bath,1 half bath & a finished basement with a wet bar—perfect for entertaining.The main level offers 3 generous bedrooms, hardwood and tile floors, and a spacious kitchen with stainless steel appliances. Enjoy the sun-filled 3-season porch, which opens directly to a newer deck and a fully fenced backyard—ideal for outdoor gatherings and everyday living.This thoughtful floor plan blends comfort and functionality, with endless opportunities to create the spaces you’ve been dreaming of. With unbeatable commuter access to I-95 and all the best of Wakefield, you’ll love weekends strolling Lake Quannapowitt or heading just minutes away to MarketStreet Lynnfield for shopping, dining, and entertainment.Don’t miss the chance to bring your vision to this wonderful home and enjoy everything Wakefield has to offer!
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| Oct 9, 2013 | Sold | ||
| Sold | |||
| Aug 19, 2013 | Listed by Barrett, Chris. J., REALTORS® | $379,900 | |
| Listed by Barrett, Chris. J., REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017