16 River 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 |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by J. Barrett & Company | $725,000 | |
| Listed by J. Barrett & Company | |||
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***Due to the level of interest, the seller requests all offers be submitted by Tuesday, the 17th at 6:00 PM. Please submit highest & best with complete terms. Seller will review offers as received and reserves the right to accept an offer at any time. Enjoy a walk-to-everything lifestyle—just 1,584 feet to the Salem Commuter Rail with direct Boston access and within a mile of the waterfront, museums, boutiques, and approximately 39 eateries. Rarely available in Salem’s prestigious McIntire District, this distinguished 1787 residence embodies authentic Federal-era craftsmanship with refined modern updates. Exposed hand-hewn beams, wide pine floors, and original fireplaces reflect its 18th-century heritage. The entire second floor is devoted to a spacious primary suite with en suite bath and flexible adjoining space ideal for a home office or dressing room. Four off-street parking spaces and a private backyard—amenities seldom found in downtown Salem—complete this exceptional offering.
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| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017