10.5 Herbert Street #21
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 19, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 3, 2026 | Price Decreased |
$337,000
↓ $12K
(3.4%) | |
| Price Decreased | |||
| Feb 17, 2026 | Listed by Keller Williams Realty Evolution | $349,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Sep 15, 2014 | Sold | ||
| Sold | |||
| Mar 6, 2014 | Listed by RE/MAX Advantage Real Estate | $149,900 | |
| Listed by RE/MAX Advantage Real Estate | |||
| | |||
|
Packing a wallop of efficiency and space, this compact, chic condo offers three clearly defined, carefully renovated rooms. Offering the charm of Salem’s history combined with state-of-the-art modernity, this building was home to Nathaniel Hawthorne for 30 years. Steps from the ocean and the Salem Maritime museum, this first-time-to-the market condo features new, ¾ inch select maple flooring throughout, maple kitchen cabinets, granite counters, stainless appliances, industrial kitchen lighting, bath stone flooring with butterfly-glass shower, and crown molding. Enjoy a protected porch overlooking shared brick walkways and patio, grilling station, and lush landscaping. Condo fee also includes free laundry in basement and large, private storage carrel. Located on a quiet residential street and ideally situated between Salem Common and Pickering Wharf, this pet-friendly condo is close to the train, ferry, shops, museums and restaurants.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/20/2025
| |
3 Bed
|
3 Bath
|
2590 ft²
|
$850,000
3 Bed
3 Bath
2590 ft²
|
-
-
|
Tina McManus
J. Barrett & Company
|
|
02/17/2026
|
1 Bed
|
1 Bath
|
494 ft²
|
$349,000
1 Bed
1 Bath
494 ft²
|
-
-
|
Pamela McKee
Keller Williams Realty Evolution
| |
|
04/29/2025
| |
9 Bed
|
9 Bath
|
7452 ft²
|
$2,125,000
9 Bed
9 Bath
7452 ft²
|
-
-
|
Kevin Benzinger
Boston Realty Advisors
|
|
11/04/2015
|
1 Bed
|
1 Bath
|
506 ft²
|
$144,900
1 Bed
1 Bath
506 ft²
|
$144,000
-0.62%
01/15/2016
|
Lise Danforth
Coldwell Banker Realty - Marblehead
| |
|
07/03/2014
|
1 Bed
|
1 Bath
|
402 ft²
|
$144,900
1 Bed
1 Bath
402 ft²
|
$139,000
-4.07%
09/24/2014
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
03/06/2014
|
1 Bed
|
1 Bath
|
494 ft²
|
$149,900
1 Bed
1 Bath
494 ft²
|
$140,000
-6.60%
09/15/2014
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
03/15/2013
|
1 Bed
|
1 Bath
|
564 ft²
|
$139,900
1 Bed
1 Bath
564 ft²
|
$132,500
-5.29%
06/04/2013
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
04/12/2011
|
1 Bed
|
1 Bath
|
564 ft²
|
$149,900
1 Bed
1 Bath
564 ft²
|
-
-
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
08/26/2010
|
1 Bed
|
1 Bath
|
402 ft²
|
$144,900
1 Bed
1 Bath
402 ft²
|
-
-
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
06/22/2010
|
1 Bed
|
1 Bath
|
506 ft²
|
$139,900
1 Bed
1 Bath
506 ft²
|
-
-
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
03/15/2010
|
1 Bed
|
1 Bath
|
564 ft²
|
$164,900
1 Bed
1 Bath
564 ft²
|
-
-
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
12/01/2009
|
1 Bed
|
1 Bath
|
506 ft²
|
$159,900
1 Bed
1 Bath
506 ft²
|
-
-
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
04/14/2009
|
1 Bed
|
1 Bath
|
494 ft²
|
$159,900
1 Bed
1 Bath
494 ft²
|
$159,000
-0.56%
11/06/2009
|
Richard Cooper
Sagan Harborside Sotheby's International Realty
| |
|
03/03/2007
|
1 Bed
|
1 Bath
|
-
|
$169,000
1 Bed
1 Bath
|
$171,500
+1.48%
06/18/2007
|
Jenny May
J. Barrett & Company
| |
|
08/14/2000
| |
3 Bed
|
-
|
2679 ft²
|
$235,900
3 Bed
-
2679 ft²
|
$150,000
-36.41%
02/16/2001
|
Gary Blattberg
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017