548 E Third St
About This Property
This inviting 2-bedroom, 1-bath home combines classic character with thoughtful updates, including fresh interior paint, hardwood floors in the living room and one bedroom, and durable vinyl flooring in the kitchen and second bedroom. The full bath features tile flooring, beadboard wainscoting, and vintage-inspired tin-style ceiling panels for added charm. The kitchen offers freshly painted cabinetry, built-in pantry storage, custom drawers, and convenient in-home laundry.
What truly sets this property apart is its exceptional amount of storage and parking-features rarely found this close to downtown. In addition to a basement for abundant storage, hobbies, or seasonal gear, the home offers an attached garage plus a detached two-car garage, creating endless possibilities for vehicles, a workshop, studio, recreation equipment, or outdoor gear. Additional off-street parking provides room for trailers, boats, or extra vehicles.
Large double-pane windows fill the home with natural light, while mature cottonwood trees provide shade and privacy. Outside, enjoy a welcoming covered front porch, flagstone patio, fencing, low-maintenance xeriscaping, durable metal roof, brick exterior, and a fenced dog run for pet owners.
Whether you're looking for a full-time residence, weekend retreat, or investment property, this home offers an exceptional combination of charm, walkability, abundant storage, multiple garage spaces, and one of Salida's most desirable in-town locations. Call for a showing today!
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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 |
|---|---|---|---|
| Oct 9, 2026 | Sold | ||
| Sold | |||
| Sep 14, 2026 | In contract | - | |
| In contract | |||
| Sep 2, 2026 | Price Decreased |
$494,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Aug 4, 2026 | Price Decreased |
$509,000
↓ $20K
(3.8%) | |
| Price Decreased | |||
| Jul 17, 2026 | Price Decreased |
$529,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017