7 Larkin Lane
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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Listed by J. Barrett & Company | $760,000 | |
| Listed by J. Barrett & Company | |||
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Located in Salem’s desirable Willows/Neck neighborhood, this well-cared-for Cape offers a comfortable layout and thoughtful updates throughout. The first floor features hardwood floors, a welcoming living room, half bath, and a flexible first-floor bedroom. The stunning kitchen is the heart of the home, offering a central island, wet bar with beverage refrigerator, and an open connection to the dining area—ideal for both everyday living and entertaining. A beautiful mudroom addition enhances everyday functionality, while four ductless mini-splits provide efficient cooling and supplemental heat. Upstairs, a rear dormer creates two generously sized bedrooms and a full bath. Outside, the fully fenced yard offers exceptional outdoor space with a paver patio and irrigation. Set on a quiet dead-end street, the home enjoys seasonal peeks of Collins Cove and close proximity to Fort Lee, Salem Willows, waterfront trails, and a short stroll to the Salem Common.
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| Jun 18, 2020 | Sold | ||
| Sold | |||
| May 6, 2020 | Listed by Merchant Property Group LLC | $484,900 | |
| Listed by Merchant Property Group LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017