24 Cabot #1 Salem — Photo 1 of 30
Recent Drop: $10,000
$369,000
Investment Analysis — 24 Cabot #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 3.79% cap rate and $13,993/yr in estimated NOI at the $369,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
920
Style
Condominium
Built
1870
Motivated seller! Price adjusted to sell! Location Location! Turn-key, first floor, sunny, 2 BR, 1BA pet friendly condo ready for it's new owner. Beautiful urban oasis seamlessly combining original character details with modern updates. Featuring lots of natural light, granite & stainless kitchen, renovated bathroom, crystal lights, new vinyl tile floors in the kitchen and bath, gleaming hardwood floors in the bedrooms and living room and high ceilings throughout. In-unit washer/dryer. Condo fee includes heat and hot water. Wait there's more! A deeded oversized garage bay with automatic opener. Park 1 or 2 small cars. Use as an art studio with ample storage. Private backdoor entrance. Fabulous location in the heart of Salem. Close proximity to shops and restaurants, the MBTA train to Boston, Salem State, waterfront parks. Stop paying rent and start gaining equity. Some defered maintenance in the exterior and low reserves. Get involved in this welcoming complex. A fantastic opportunity for savvy buyers to get into the hot Salem market at a great price. 100% owner occupied. Private showings easy to schedule. OH at New Price this Sunday, 12-1:30.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Highway Access • University
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Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Kitchen
Lvl FirstCloset, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup, Lighting - Overhead
Master Bedroom
Lvl FirstCloset, Flooring - Hardwood, French Doors, Lighting - Overhead
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - With Tub & Shower, Closet - Linen, Flooring - Vinyl, Countertops - Stone/Granite/Solid, Remodeled, Lighting - Overhead
Property History
$369,000
Was $375,000
Sep 11, 2026
MLS® 73562998
$375,000
Was $378,000
Sep 10, 2026
MLS® 73562998
$378,000
Was $379,000
Aug 31, 2026
MLS® 73562998
$379,000
Aug 12, 2026
MLS® 73562998
Listing Agent: Carol Henriquez
Listing Office: Coldwell Banker Realty - Cambridge
MLS® Number: 73562998
