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8 Ridgeview Ave
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 10, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Listed by Coldwell Banker Realty Haverhill MA | $659,900 | |
| Listed by Coldwell Banker Realty Haverhill MA | |||
| | |||
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OFFER DEADLINE Sunday March 15 at 5:00PM. Welcome home to 8 Ridgeview in Salem, New Hampshire! This meticulously maintained property offers incredible flexibility with a LEGAL in-law apartment featuring two private entrances, making it perfect for multi-generational living, guests, or additional space. The main living area features 3 bedrooms and 1 full bath, along with an updated kitchen complete with granite countertops, under-cabinet lighting, new stainless steel appliances, and a dining area. The living room showcases hardwood floors and a cozy fireplace, creating a warm and inviting space to gather. Three spacious bedrooms also feature beautiful hardwood floors, and the four-season room is filled with natural light—an ideal space to relax year-round. The large basement offers abundant storage and great potential for future expansion, along with a brand-new washer and dryer. The in-law suite includes an eat-in kitchen with island, comfortable living room, two generously sized bedrooms, and a 3/4 bath with its own laundry, providing a functional and private living space. Step outside to enjoy the patio and 12x10 gazebo, perfect for entertaining or relaxing outdoors. The property also includes a shed for additional storage, a 240V outlet ready for an EV charger, and a generator hookup for whole-house power. Features of note include: central air, indoor fire sprinkler system, oversized driveway, new oil tank, and new granite front steps. All of this is tucked into a neighborhood setting set back from the street, while still being close to major highways, shopping, dining, the Massachusetts border, and all that Salem, NH has to offer—including Tuscan Village.
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| Sep 15, 2004 | Sold | ||
| Sold | |||
| Jun 10, 2004 | Listed | $284,900 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017