Active Under Contract
17 Days on market
163 North St #1 Salem — Photo 1 of 24

163 North St #1 Salem — Photo 1 of 24

$299,000

Investment Analysis — 163 North St #1

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01970 carries an estimated $2,160/mo in gross rent — about a 4.66% cap rate and $13,938/yr in estimated NOI at the $299,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

735

Style

Condominium

Built

1880

No Open houses. Temp Withdrawn. Classic Salem character meets modern-day comfort in this well laid out one-bedroom condo, located just minutes from downtown Salem’s train station, restaurants, museums, shops, cafés, and vibrant cultural scene.A private entrance opens to a welcoming foyer accented by rich wainscoting and gleaming hardwood floors. Still maintains the original details, the home showcases a striking gilded fireplace with turn-of-the-century glazed tile and a distinctive custom wood mantel and surround. Original built-in cabinetry, custom radiator covers, and an inviting box-window seating area add warmth, craftsmanship, and architectural interest throughout.The eat-in kitchen pairs stainless steel appliances and granite countertops with the home’s timeless character, while an updated bathroom and generous closet space offer everyday convenience.Additional features include, a large private basement storage area, seperate laundry, double-pane windows with upgraded storm windows, and efficient gas heat. Two-car deeded parking, access to a shared yard, and a pet-friendly association complete the package.With downtown Salem nearby, this home offers an exceptional combination of historic charm, practical amenities, and easy access to some of the city’s best dining, shopping, museums, cafés, and entertainment.

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$299,000
Annual Taxes$3,385
HOA Fee$198

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms3
Fireplaces1
Flooring--
BasementY

Climate & Utilities

HeatingHot Water, Natural Gas
CoolingWindow Unit(s), None
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningR2

Property & Lot

Acres0.12
SqFt Lot5,253
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Golf • Medical Facility • House of Worship

Geography

Listing Provided By

Listing Agent: Nathan Seavey

Listing Office: Leading Edge Real Estate

MLS® Number: 73568592