Active
4 Days on market
4 Northey Street #2 Salem — Photo 1 of 15

4 Northey Street #2 Salem — Photo 1 of 15

$469,900

Investment Analysis — 4 Northey Street #2

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 4.65% cap rate and $21,873/yr in estimated NOI at the $469,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

841

Style

Condominium

Built

1920

Spacious and natural light filled, this three-bedroom and one bath condo is ready for new owners! This comfortable home features high ceilings, gorgeous hardwood floors, and large windows. The kitchen that has stainless steel appliances including a dishwasher, a water treatment system for all of your drinking and cooking water, and a separate dining space. Three bedrooms are good-sized and allow for options like a home office for those days you can work remotely. A lovely and private deck for your morning coffee or evening adult beverage overlooks the courtyard, and a Juliette balcony in front lends additional space for your plants to hang out in the summer. Huge private storage in the basement. Enjoy an amazing location close to everything Salem has to offer! One block away from the Salem Common, North River, two from Collins Cove Beach and walkway, and minutes from museums, shops, and restaurants. Commuting to Boston? The Commuter Rail is also minutes away for ease of access to the city on those days you do have to commute. Come take a look today!

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 MLS and other third-party data may be inaccurate or out of date.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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Open Houses

Property Details

Financials

Original Price$469,900
Annual Taxes$4,417
HOA Fee$150

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile, Hardwood
BasementY

Climate & Utilities

HeatingBaseboard
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
ZoningR-2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Freezer • Water Treatment

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl Second
Dining Room
Lvl Second
Kitchen
Lvl Second
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bedroom 3
Lvl Second
Bathroom 1
Lvl Second
Listing Provided By

Listing Agent: Michelle Quinn

Listing Office: Insight Realty Group, Inc.

MLS® Number: 73573488