54 Rabbit Rd
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 |
|---|---|---|---|
| Jun 22, 2026 | Listed by LAER Realty Partners | $1,200,000 | |
| Listed by LAER Realty Partners | |||
| Mar 12, 2026 | Listed by LAER Realty Partners | $1,200,000 | |
| Listed by LAER Realty Partners | |||
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Possibilities are endless! Rare opportunity to own approx 9 acres of land with an existing 3 bedroom single family house, garage parking for 5+ cars and over 350 feet of frontage in the growing coastal community of Salisbury. With public water and sewer available, the property also offers a strong possibility for a residential subdivision, or small residential community/compound subject to town approvals and due diligence. Located just minutes from Salisbury Beach, Newburyport, major commuter routes, shopping, and restaurants, the property offers an appealing combination of convenience and coastal lifestyle. It is a great opportunity for developers seeking their next North Shore project or a group of people that want their own community. Bring your vision! Buyer to perform all due diligence regarding zoning, subdivision potential, and permitting. Plans available to build the equestrian property of your dreams! Please do not walk property without appointment.
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| Jul 18, 2023 | Sold | ||
| Sold | |||
| Jun 27, 2023 | In contract | - | |
| In contract | |||
| Jun 21, 2023 | Listed by LAER Realty Partners | $529,000 | |
| Listed by LAER Realty Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017