298 Salem 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 |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Oct 8, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Price Decreased |
$824,900
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Sep 18, 2025 | Listed by Redfin Corp. | $849,900 | |
| Listed by Redfin Corp. | |||
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Looking for a big backyard for your energetic dog, a future pool, or even a basketball court? You found it! This classic New England Colonial sits on a flat ½ acre and offers over 1,900 sq ft of beautifully updated living space. Enjoy a brand-new roof, updated systems, and gleaming hardwood floors throughout. Inside, relax by the cozy gas fireplace, utilize the flexible first-floor space for an office or gaming, and enjoy the convenience of second-floor laundry. The dreamy primary suite features cathedral ceilings and a marble en suite bath. Serious cooks will love the gourmet kitchen with a Vulcan dual oven/6-burner professional chef stove, broiler, griddle, and commercial-grade hood vent. With a one-car garage, three driveways, and a handy shed, this move-in-ready home has it all. Just 3 minutes to Lynnfield Marketplace with upscale dining, shopping, and activities, and only 22 minutes to downtown Boston. Full irrigation system for the backyard. Welcome home!
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| Aug 5, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017