8 Mall St
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 |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 24, 2025 | Listed | $899,999 | |
| Listed | |||
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Step into the magic of Salem's enchanting history within this exquisite antique single-family home located at 8 Mall Street in the coveted Washington Square District, steps from the City's Historical Section. This like-new home blends timeless charm with modern living, featuring 3 bedrooms, 2 baths, both formal & family living spaces, and a large eat-in kitchen, with all the bells, and French doors that open to a massive Trek deck which leads down to a ground-level patio with beautiful lush gardens & walkways making it magically easy to entertain in warm weather. Located in an R2 Zone, this property whispers ideas of exploring other residential or business uses. This prime location offers excellent public transportation options, including the commuter rail, making Boston easily accessible in under an hour & is within walking distance of an array of shops & restaurants lining Essex Street. Don't miss out on the perfect blend of small-town living with easy access to big city amenities!
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| Dec 16, 2024 | No longer available | - | |
| No longer available | |||
| Dec 11, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017