1241 Salem Street
About This Property
Welcome to this expansive 5-bedroom, 2-bathroom FIXER UPPER home that can offer a perfect blend of comfort and space. With over 2,100 square feet of living space, this home is designed to accommodate your growing family and provide plenty of room for relaxation and entertainment.
Step inside to discover an inviting living area featuring a cozy fireplace, perfect for chilly evenings and creating a welcoming atmosphere.
The five spacious bedrooms provide plenty of room for rest and privacy, while the bathrooms are needing remodeling can be updated to your stylish finishes and modern conveniences. Another highlight of this home is the expansive bonus room-a versatile space that can be customized to fit your needs, whether it's a home theater, playroom, or office. In addition to the main home, this property also includes a 252 sq ft building in the backyard, fully equipped with heating and air conditioning, a bathroom, and endless possibilities. Whether you need a private home office, a guest suite, or a creative studio, this additional structure provides the ideal solution. Outside, you'll find a large backyard with a rear patio, offering ample space for outdoor dining, gardening, or simply enjoying the fresh air. It's the perfect space for both quiet moments and lively gatherings with friends and family. Come back to the old neighborhood and see this home today.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Apr 4, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | Listed by Re/Max of Chico | $419,900 | |
| Listed by Re/Max of Chico | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017