723 FT ELFSBORG SALEM ROAD
About This Property
Dreaming of a home that shines in every season? Welcome to this charming riverfront retreat set along a sandy beach, where spectacular sunsets become part of your daily routine. Inside, a stunning brick fireplace creates the perfect setting for cozy winter evenings, while the rear patio invites summer barbecues and outdoor entertaining.
The spacious sitting room offers endless possibilities-ideal for a home office, laundry area, den, or creative space-limited only by your imagination. Storage is abundant with a full basement, walk-up floored attic, and one-car detached garage. Designed for comfortable one-floor living, the home features two generously sized bedrooms, a large dining room, and a bright, welcoming living room.
Priced to sell and ready for its next chapter, this riverfront gem offers a rare opportunity to enjoy waterfront living year-round. Schedule your private showing today and start living the good life by the water.
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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 3, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Feb 28, 2026 | Listed by RE/MAX Preferred - Mullica Hill | $310,000 | |
| Listed by RE/MAX Preferred - Mullica Hill | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017