Active Under Contract
16 Days on market
15 Saltonstall Parkway #1 Salem — Photo 1 of 22

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.

View Standard Listing

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

Original Price$599,900
Annual Taxes--

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms5
Fireplaces1
FlooringTile, Laminate, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • Public School • T-Station • University

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Closet/Cabinets - Custom Built, Flooring - Hardwood

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Exterior Access, Remodeled, Stainless Steel Appliances, Gas Stove

Master Bedroom
Lvl First

Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Laminate, Remodeled

Listing Provided By

Listing Agent: Paula Pickett

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73568862