23 Mall 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 |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Sep 24, 2024 | Listed by William Raveis R.E. & Home Services | $829,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Fabulous opportunity to live in historic downtown Salem off the Commons in a turn-key totally renovated home. Rare three-car parking with two driveways. This property with R2 zoning, offers three en-suite bedrooms with full baths, two with walk-in closets; an open floor-plan kitchen, living room and dining room with room for an island. Also a half bath and washer and dryer are off the kitchen. The outside space has room to be creative with a grilling area and outdoor furniture for a little "oasis" for entertaining. The walk-out basement to the lower driveway would be perfect for an in-home office, a little shop or conversion to a studio apartment (owner/builder could do that for the right price if you wanted income property). Just a short distance to the commuter rail, Salem U.,Salem Hospital, highways & shopping centers, living blocks away from all that Salem has to offer - waterfront, museums, restaurants, shops, the harbor and so much more.Holding offers til Monday at 5:00 pm.
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| Feb 3, 2017 | Sold | ||
| Sold | |||
| Jan 4, 2017 | Listed by William Raveis R.E. & Home Services | $199,000 | |
| Listed by William Raveis R.E. & Home Services | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017