1631 Salem St
About This Property
Discover this exceptional opportunity--two thoroughly updated homes with an ADDITIONAL BUILDABLE LOT, seamlessly connected in one expansive yard! Perfect for multigenerational living, rental income, or Airbnb potential, this versatile property offers 3 bedrooms, 4 full bathrooms, 2 kitchens, 2 laundry rooms, an office, a loft, a steam room, and an inviting sunroom-plenty of space to accommodate any lifestyle.
Enjoy the beautifully established landscaping and extra-large yard with multiple fruit trees, ideal for entertaining, gardening, or even adding an ADU for additional income. Located just minutes from Downtown Chico and Rotary Park, this property offers both convenience and tranquility. Don't miss this rare gem, IT'S A MUST SEE IN PERSON-schedule your showing 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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Mar 5, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Relisted | $575,000 | |
| Relisted | |||
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Price Decreased |
$575,000
↓ $30K
(5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017