7 Adams Street
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 |
|---|---|---|---|
| Oct 21, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Lillian Montalto Signature Properties | $599,000 | |
| Listed by Lillian Montalto Signature Properties | |||
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Welcome to this charming 3-bedroom, 2-bathroom home nestled in the heart of historic Salem, MA. This lovely property boasts updated finishes throughout, including a beautifully finished basement perfect for additional living space or a home office. Enjoy the outdoors on your private off-street deck, perfect for entertaining, while the fenced-in yard offers privacy and room for gardening or pets. With its blend of modern updates and historic charm, this home is perfect for those seeking a cozy retreat in one of Salem's most sought-after locations.
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| Jan 21, 2022 | Sold | ||
| Sold | |||
| Dec 7, 2021 | Listed by Lillian Montalto Signature Properties | $499,900 | |
| Listed by Lillian Montalto Signature Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017