14 Lincoln Road
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 |
|---|---|---|---|
| Nov 30, 2020 | Sold | ||
| Sold | |||
| Oct 15, 2020 | Listed by Sagan Agency REALTORS® | $399,000 | |
| Listed by Sagan Agency REALTORS® | |||
| Sep 16, 2019 | No longer available | - | |
| No longer available | |||
| Sep 11, 2019 | Listed | $395,000 | |
| Listed | |||
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Located in a tree lined neighborhood with access to everything Salem has to offer, this beautifully updated 3 bedroom, 1.5 bath colonial is the perfect blend of character and modern amenities. The first floor features a spacious living room and adjoining office with pellet stove and ceiling fan. There is ample space to entertain in the open concept kitchen/dining area, with new butcher block countertops and stainless steel appliances. The kitchen has great natural light from enclosed porch that leads out onto the large well-maintained, fenced in yard. Upstairs includes plenty of space with three bedrooms and a newly renovated bathroom with loads of counter space. This home has tons of storage in the basement, a garage, and is in a spectacular location! 14 Lincoln road is close to Historic Downtown Salem, Vinnin Square, the beach, Salem State & Salem hospital. This is a great commuter location as it’s a 30 minute drive to Logan, and close to Swampscott/Salem commuter rail! The manager has listed the unit size as 1040 square feet.
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| Mar 18, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017