16 Appleby Rd
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 6, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by McNamara Realty, Inc. | $829,000 | |
| Listed by McNamara Realty, Inc. | |||
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Welcome to 16 Appleby Rd, a fully renovated luxury retreat set on a serene half-acre along a desirable dead-end street. The open floor plan showcases a designer kitchen with quartz counters, tiled backsplash, and stainless appliances, flowing into a spacious dining area and elegant living room with fireplace and bay window. Upstairs, a lavish primary suite offers a sophisticated bath with striking tilework and modern finishes, plus custom closets, while two additional bedrooms share a stylish full bath. The finished lower level functions as its own in-law apartment with large living room, bedroom with built-in closets, full bath with laundry, bonus room, and private walk-out to the patio. With four bedrooms, four full baths, and versatile living spaces, this home blends sophistication with flexibility. Enjoy treetop views from the expansive deck or unwind in the sprawling yard—a rare Salem offering that combines high-end finishes, privacy, and true multi-generational living potential.
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| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jun 10, 2024 | Listed by Choose Boston, LLC | $749,000 | |
| Listed by Choose Boston, LLC | |||
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Welcome to your new home in Salem! This beautiful house has been meticulously renovated, located on a dead end road and perched on a hill overlooking a large backyard. The many updates include: new kitchen cabinets and stainless steel appliances, quartz countertops, tile bathrooms, all new floors, fresh paint and updated 200 amp electrical service. Heating and cooling is provided by new high efficiency mini splits with a gas furnace for additional heating. Large basement with bathroom is your blank canvas. Don't let this opportunity slip away – your dream home awaits!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017