61 Memorial Drive
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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Jul 23, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed by Coldwell Banker Realty - Marblehead | $998,000 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
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DIRECT WATERFRONT WITH DOCK IN SALEM WILLOWS! Enjoy stunning sunsets and panoramic views of Collins Cove and Beverly Harbor from this beautifully renovated 2 bed, 2 bath expanded Cape. Updated in 2019–2020, the first floor offers a spacious living room with full water views, a stainless kitchen that opens to the dining room, a beautiful gas fireplace with stone façade and custom built-ins and a stylishly tiled, handicap-accessible bath. Upstairs, the vaulted-ceiling primary features a walk-in closet and a custom-tiled ensuite bath. Additional upgrades include new vinyl shingle siding, a new roof, central HVAC, gas furnace, hot water heater, cellulose insulation, and washer/dryer. With parking for 4+ cars, new hardscaping, fencing, gangway, and float, this turnkey waterfront gem delivers comfort, quality, and an unbeatable coastal lifestyle. Move right in and enjoy!
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| Aug 9, 2018 | Sold | ||
| Sold | |||
| Jun 28, 2018 | Listed by Armstrong Field Real Estate | $485,000 | |
| Listed by Armstrong Field Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017