49 Felt 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 |
|---|---|---|---|
| Apr 29, 2025 | Sold | ||
| Sold | |||
| Mar 11, 2025 | In contract | - | |
| In contract | |||
| Mar 6, 2025 | Listed | $799,000 | |
| Listed | |||
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This charming, renovated 3-bedroom, 2-bathroom home offers the perfect combination of modern updates and timeless character. Located just steps from the water, this home has accessibility to the Commuter Rail into Boston, and proximity to the shops and restaurants of downtown Salem. The kitchen and living area is flooded with natural light, creating a warm and inviting atmosphere. With a full renovation completed in 2015, the home boasts beautiful hardwood floors and character-rich details throughout. The large basement provides incredible storage and additional space with a dedicated laundry room and two extra rooms, perfect for a home office, gym, or playroom. Relax and entertain with ease on the covered front porch or enjoy the fresh air on the back deck. For year-round enjoyment, a fully heated and cooled sunroom addition adds even more living space. This special home is not to be missed! ***Offers due Monday March 10 at 3PM.
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| Sep 29, 2020 | Sold | ||
| Sold | |||
| Aug 13, 2020 | Listed by Conway - Swampscott | $550,000 | |
| Listed by Conway - Swampscott | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017