23 Buffum Street
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 |
|---|---|---|---|
| May 23, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Feb 11, 2025 | Listed | $849,000 | |
| Listed | |||
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Beautifully maintained, stylish 1860’s 3 Bedroom + office Mansard home on charming Buffum Street in Salem. Built for the Buffum family, this home is deceptively large with its classic original layout plus a bright, sunny modern kitchen & great room addition overlooking a lovely mature private garden. Extensively renovated in 2 phases: 2014 – the Great Room & Kitchen; and 2019 – Main Bedroom, both bathrooms top to bottom, updated electrical service, and 6 new mini-splits. The first floor offers a beautiful entrance hall with original staircase, large office/BR, which could serve as a sitting room, dining room with a wall of windows overlooking the garden, a sunny great room/kitchen, a library/office, and a glam full bath with a soaking tub with jets...and a heated floor! Upstairs are 2 bedrooms and a sleek (2019) bathroom. Lots of extra storage space in the easy access basement. Off-street parking and 10 minutes by foot to the MBTA and everything downtown Salem has to offer
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| May 15, 2003 | Sold | ||
| Sold | |||
| Feb 5, 2003 | Listed by Century 21 N. Shore | $339,000 | |
| Listed by Century 21 N. Shore | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017