10.5 Herbert #21
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%.
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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 | |||
| | |||
|
Steeped in history, 10 1/2 Herbert St was the home of Nathanial Hawthorne for over 30 years! Ideally located between Derby Wharf and the Salem Common, you have easy proximity to downtown, Pickering Wharf, water shuttle and train station. This sweet second floor unit offers wood floors throughout with recently renovated beautiful bathroom and gorgeous kitchen. Gleaming quartz counters, white cabinetry and stainless appliances adorn the eat-in kitchen. The living room boasts a large storage closet with organizers. You have a small deck plus a shared patio space behind the house. In the basement you'll find laundry (4 units) and separate storage units. This is the most affordable downtown unit with a low condo fee too! It's time to enjoy the Salem lifestyle you've been waiting for!!
| |||
| Sep 15, 2014 | Sold | ||
| Sold | |||
| Mar 6, 2014 | Listed by RE/MAX Advantage Real Estate | $149,900 | |
| Listed by RE/MAX Advantage Real Estate | |||
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