40 Station Road
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 |
|---|---|---|---|
| Jul 2, 2025 | Sold | ||
| Sold | |||
| May 15, 2025 | In contract | - | |
| In contract | |||
| May 7, 2025 | Listed | $799,900 | |
| Listed | |||
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Nestled on a peaceful cul-de-sac in Salem's most coveted neighborhood bordering Swampscott! Step inside this 3-bedroom Colonial and discover gleaming hardwood floors throughout. You'll love the large front-to-back fireplaced living room with ample space for your sectional. Holiday gatherings await in the formal dining room. The eat-in kitchen boasts a professional range, upgraded cabinets, and granite countertops with built-in wine rack. Upstairs, unwind in the primary suite featuring cherry hardwood floors, a generous walk-in closet, and your private custom-tiled master bathroom. Two additional bedrooms and full bath complete the second floor. Versatile lower level space perfect for media room or office. Enjoy morning coffee on your private deck or relax on the stone patio within your fully fenced-in yard—perfect setting for your pup! Minutes from beaches, highways, downtown Salem, and commuter rail. Complete with attached garage. Your dream home awaits ~ welcome home to Salem.
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| Aug 14, 2020 | Sold | ||
| Sold | |||
| Jun 4, 2020 | Listed by Berkshire Hathaway HomeServices Verani Realty | $599,900 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017