
15 Saltonstall Parkway #1 Salem — Photo 1 of 22
$599,900
Investment Analysis — 15 Saltonstall Parkway #1
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01970 carries an estimated $2,560/mo in gross rent — about a 2.69% cap rate and $16,148/yr in estimated NOI at the $599,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,370
Style
Condominium
Built
1927
Be the first to own this exceptional condominium, perfectly nestled on a charming dead-end street just moments from vibrant downtown Salem. Thoughtfully and extensively renovated while preserving its timeless character, this beautiful home seamlessly blends classic charm with modern comfort. Rich original woodwork, gleaming hardwood floors, soaring ceilings, and abundant natural light create a warm and welcoming atmosphere throughout. At the heart of the home is a beautifully appointed kitchen designed for both everyday living and effortless entertaining. Featuring stainless steel appliances, granite countertops, and a generous quartz center island, it's the perfect gathering place for family and friends. The spacious dining room offers an elegant setting for holiday celebrations or intimate dinners, showcasing a stunning original built-in and exquisite wood details that add warmth and character. Flowing gracefully from the dining room, the inviting and spacious fireplaced living room provides a comfortable retreat for relaxing or entertaining. Two well-appointed bedrooms offer comfortable accommodations, including a generously sized primary bedroom that serves as a peaceful sanctuary at the end of the day. The tastefully updated bathroom features a walk-in shower, blending style and functionality. Additionally, there is one assigned parking spot in the oversized one-car garage, as well as extra storage. Residents also enjoy a patio and garden area, perfect for enjoying the warmer months. Other highlights include central air conditioning, newer windows throughout, a hard-wired security system, and Ring cameras for added peace of mind. Conveniently located near beaches, parks, restaurants, and all the charm of historic Salem, this is a rare opportunity to enjoy the best of coastal living with a vibrant city lifestyle right at your doorstep.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Medical Facility • Public School • T-Station • University
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstCloset/Cabinets - Custom Built, Flooring - Hardwood
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Remodeled, Stainless Steel Appliances, Gas Stove
Master Bedroom
Lvl FirstCloset, Flooring - Hardwood
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Laminate, Remodeled
Listing Agent: Paula Pickett
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73568862
