Active
89 Days on market
35 Washington Sq #3 Salem — Photo 1 of 28

35 Washington Sq #3 Salem — Photo 1 of 28

Recent Drop: $100,000

$825,000
$725,000

$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.

View Standard Listing

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.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$825,000
Annual Taxes$7,193
HOA Fee$441

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood
BasementY

Climate & Utilities

HeatingHot Water, Oil, Unit Control
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Brick
RoofShingle, Rubber
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

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

Main,Third
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Living Room
Lvl Main,Third

13 x 19

Flooring - Hardwood, Lighting - Overhead

Dining Room
Lvl Main,Third

13 x 16

Flooring - Hardwood, Lighting - Overhead

Kitchen
Lvl Main,Third

18 x 9

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Primary Bedroom
Lvl Main,Third

13 x 10

Walk-In Closet(s), Flooring - Hardwood, Remodeled, Lighting - Overhead, Crown Molding

Bedroom 2
Lvl Main,Third

12 x 15

Bedroom 3
Lvl Main,Third

12 x 10

Closet, Flooring - Hardwood, Remodeled

Bathroom 1
Lvl Main,Third

7 x 5

Bathroom - Full, Bathroom - Tiled With Shower Stall, Skylight, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Remodeled, Washer Hookup

Bathroom 2
Lvl Main,Third

10 x 6

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled, Soaking Tub

Property History

Price Drop
$725,000

Was $775,000

Sep 8, 2026

MLS® 73536871

Price Drop
$775,000

Was $799,900

Jul 30, 2026

MLS® 73536871

Price Drop
$799,900

Was $825,000

Jul 22, 2026

MLS® 73536871

Listed
$825,000

Jun 16, 2026

MLS® 73536871

Listing Provided By

Listing Agent: Donald Richmond

Listing Office: Gold Key Realty LLC

MLS® Number: 73536871