2943 Salem Oak Way
About This Property
Upstairs, find five generously sized bedrooms, with one flexible space that could serve as a playroom, home office, or cozy den, depending on your family's needs. The outdoor living space is equally impressive, featuring a large screened-in back porch that provides the perfect setting for morning coffee or evening relaxation. Large fenced in yard with garden beds. Fresh paint throughout adds to the home's move-in ready appeal.
Located in a prime location, this property is just steps from McDaniel Farm Park, where residents can enjoy a dog park, scenic walking trails, and a historic farm setting. The convenience of downtown Duluth's shops, restaurants, and entertainment venues is just five minutes away. Don't miss the opportunity to make this exceptional property your new home!
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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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | In contract | - | |
| In contract | |||
| Dec 26, 2024 | Listed by Atlanta Fine Homes Sotheby's International | $600,000 | |
| Listed by Atlanta Fine Homes Sotheby's International | |||
| Oct 2, 2015 | Sold | ||
| Sold | |||
| Jun 1, 2015 | Listed by Atlanta Fine Homes Sotheby's International | $314,500 | |
| Listed by Atlanta Fine Homes Sotheby's International | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017