
26 Andrew Street #2R Salem — Photo 1 of 32
$575,000
Investment Analysis — 26 Andrew Street #2R
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 2.63% cap rate and $15,106/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,111
Style
Condominium
Built
1870
Enjoy the best of downtown Salem living at 26 Andrew Street, ideally located just moments from the Salem Common, Collins Cove, Derby Street, Pickering Wharf, Salem Harbor, shops, restaurants, Salem MBTA commuter rail to Boston, and the vibrant downtown district. This spacious and bright 2-bedroom, 2-bath condominium offers the perfect combination of location, comfort, and convenience—with the rare bonus of two off-street parking spaces.The inviting open-concept living and dining area flows seamlessly into a beautifully appointed kitchen featuring cherry cabinetry, granite countertops, and stainless steel appliances, creating an ideal space for both everyday living and entertaining. Step outside to your private balcony, perfect for morning coffee or unwinding at the end of the day.The spacious primary bedroom offers two closets and an updated ensuite bath, while the second bedroom and additional full bathroom provide flexibility for guests, a home office, or additional living space. In-unit laundry and private basement storage add everyday convenience.Recent improvements include furnace/central AC, hot water heater, and roof, providing valuable peace of mind. This is an exceptional opportunity to enjoy a truly connected and walkable Salem lifestyle. Whether you're seeking a primary residence, weekend retreat, or investment opportunity, 26 Andrew Street delivers space, parking, updates, and an unbeatable location just minutes from Boston by train.
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 • Microwave • Refrigerator • Freezer • Washer • Dryer
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Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path
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Living Room
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Lvl SecondMaster Bedroom
Lvl SecondBedroom 2
Lvl SecondBathroom 1
Lvl SecondBathroom - Full
Bathroom 2
Lvl SecondBathroom - Full
Listing Agent: Merry Fox Team
Listing Office: MerryFox Realty
MLS® Number: 73573185
