8 Rice
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 |
|---|---|---|---|
| Jul 16, 2025 | Sold | ||
| Sold | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| Jun 4, 2025 | Listed | $620,000 | |
| Listed | |||
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Back on the market due to buyer's inability to perform! Discover 8 Rice Street, a move-in-ready 3-bedroom, 2-bathroom home in Salem’s desirable Bridge Street Neck. This fully renovated 1,316 sqft residence blends New England charm withmodern updates.Enjoy a bright interior with gleaming hardwood floors, a modern kitchen featuring stainless steel appliances, and refreshed bathrooms on both levels. The threebedrooms offer cozy, versatile spaces, and a brand-new furnace ensures warmth. A fenced backyard provides a private retreat.A short walk to Salem’s downtown brings you to shops,dining, museums, and festivals. Top schools and the commuter rail to Boston are nearby. Now inviting offers—don’t miss this charming home in a sought-after neighborhood. Schedule atour today
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| May 31, 2025 | No longer available | - | |
| No longer available | |||
| May 27, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017