
35 Washington Sq #3 Salem — Photo 1 of 28
Recent Drop: $100,000
$725,000
Investment Analysis — 35 Washington Sq #3
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 2.15% cap rate and $15,605/yr in estimated NOI at the $725,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,297
Style
Condominium
Built
1810
Overlooking Salem Common from an iconic 1810 Federal-style brick residence, this sun-filled top-floor condo offers a rare combination of historic character, modern comfort, and an exceptional downtown location. The south-facing home enjoys windows on all four sides, treetop views, high ceilings, gleaming hardwood floors, beautifully preserved period details, and the privacy of having no one above. The spacious six-room layout includes a large living room with a working fireplace, a formal dining room ideal for entertaining, three well-proportioned bedrooms, and two full tiled baths. The primary bedroom features a walk-in closet, while the third bedroom offers excellent flexibility as a guest room, nursery, den, or dedicated home office. The kitchen includes stone countertops, gas cooking, abundant cabinetry, and stainless-steel Bosch and Fisher & Paykel appliances. Additional conveniences include central air conditioning, in-unit laundry, additional storage in basement, and one assigned off-street parking space. The $441 monthly condo fee includes heat, hot water, gas, water, sewer, building insurance, exterior maintenance, landscaping, and snow removal—an exceptional value for downtown Salem. Located in the highly desirable Washington Square Historic District, the home is just steps from Salem Common and within easy reach of waterfront dining, coffee shops, museums, boutiques, the Peabody Essex Museum, Pickering Wharf, the movie theater, and the commuter rail to Boston. A distinctive opportunity to enjoy gracious historic living with the everyday conveniences today’s buyers value most.
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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Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,Third13 x 19
Flooring - Hardwood, Lighting - Overhead
Dining Room
Lvl Main,Third13 x 16
Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Main,Third18 x 9
Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Overhead
Primary Bedroom
Lvl Main,Third13 x 10
Walk-In Closet(s), Flooring - Hardwood, Remodeled, Lighting - Overhead, Crown Molding
Bedroom 2
Lvl Main,Third12 x 15
Bedroom 3
Lvl Main,Third12 x 10
Closet, Flooring - Hardwood, Remodeled
Bathroom 1
Lvl Main,Third7 x 5
Bathroom - Full, Bathroom - Tiled With Shower Stall, Skylight, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Remodeled, Washer Hookup
Bathroom 2
Lvl Main,Third10 x 6
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled, Soaking Tub
Property History
$725,000
Was $775,000
Sep 8, 2026
MLS® 73536871
$775,000
Was $799,900
Jul 30, 2026
MLS® 73536871
$799,900
Was $825,000
Jul 22, 2026
MLS® 73536871
$825,000
Jun 16, 2026
MLS® 73536871
Listing Agent: Donald Richmond
Listing Office: Gold Key Realty LLC
MLS® Number: 73536871
