36 Salem St
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 |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by Cameron Prestige, LLC | $649,900 | |
| Listed by Cameron Prestige, LLC | |||
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Start your homeownership journey at 36 Salem St in Wakefield! This charming 3-bedroom, 1.5-bath home is perfect for first-time buyers looking for space, convenience, and future potential. Enjoy beautiful hardwood floors (even under the carpet), a roomy primary bedroom with built-ins and a walk-through closet to the second bedroom, and a bright living area that just feels like home. The large 2-car garage comes with a second-floor loft—ideal for storage, a workshop, or future expansion. You'll love the fenced-in yard for pets, play, or gardening, plus there’s plenty of off-street parking. Key updates include a newer roof, newly paved driveway, split oil tank, and French drain, and sump pump for peace of mind. Located close to Lake Quannapowitt, shops and restaurants on Main St., and the Haverhill Line Wakefield commuter rail station, perfect for an easy Boston commute. Vacant and easy to show—come take a look and imagine the possibilities!
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| Jun 27, 2018 | Sold | ||
| Sold | |||
| Apr 11, 2018 | Listed by RE/MAX Partners | $469,000 | |
| Listed by RE/MAX Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017