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Lot 4 Anderson Avenue
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 24, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Nov 2, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2025 | Listed by RE/MAX Innovative Properties | $650,000 | |
| Listed by RE/MAX Innovative Properties | |||
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Welcome to this charming Colonial located in the sought-after Arlington Lake community! This inviting home offers a warm & comfortable layout featuring a cozy gas fireplace in the living room and a kitchen with lots of cabinet space and spot perfect for casual dining. Enjoy the mix of hardwood flooring, tiled bathrooms, and plenty of natural light. Handy 1st floor laundry & a large formal dining room. The bonus room on the 2nd floor does not have a closet but is being used as a 3rd bedroom. The home also features a two-car under garage for convenience & a flat backyard ideal for outdoor entertaining, play, or gardening. The unfinished walk-up attic has electricity & offers great potential for future expansion or additional living space. This is a great opportunity to live in one of Salem’s most desirable neighborhoods, a quite peaceful setting yet minutes from shopping, dining, and commuter routes! Possible opportunity to join the local beach association for private lake access. STFSH
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| Aug 19, 2021 | Sold | ||
| Sold | |||
| Feb 6, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017