319 Lafayette Street #1 Salem — Photo 1 of 30
$499,000
Investment Analysis — 319 Lafayette Street #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 3.07% cap rate and $15,299/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,065
Style
Condominium
Built
1920
Set in a desirable Salem location, this charming first-floor, two-bedroom condo offers an inviting blend of comfort and convenience. An enclosed sunroom, exclusive to the unit, creates a wonderful bonus space for morning coffee, a quiet reading retreat, or home office. Inside, you’ll find a comfortable layout with one full bath and the ease of in-unit laundry, while two-car parking adds a sought-after convenience. Just steps from Salem State University and the scenic grounds of Forest River Park, and a short drive from the shops, restaurants, and historic character of downtown Salem. A lovely opportunity to experience the charm and lifestyle that make Salem such a special place to call home.
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Disposal • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFlooring - Hardwood, Exterior Access, Washer Hookup, Lighting - Overhead
Master Bedroom
Lvl FirstFlooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl FirstBathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$499,000
Sep 9, 2026
MLS® 73574320
$2,350
Sep 19, 2025
MLS® 73426623
$2,400
Sep 5, 2025
MLS® 73426623
Listing Agent: Erica Petersiel
Listing Office: Sagan Harborside Sotheby's International Realty
MLS® Number: 73574320
