
5-7 Bradford Street #5 Salem — Photo 1 of 39
$699,000
Investment Analysis — 5-7 Bradford Street #5
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 2.42% cap rate and $16,888/yr in estimated NOI at the $699,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,838
Style
Condominium
Built
1915
Located on a tree-lined street in a quintessential neighborhood where neighbors sip morning coffee on front porches, evening walks with dogs, and a mail carrier you know by name ~ this updated 3-bedroom, 2.5-bath home offers the space and privacy of single-family living with townhome convenience—all within walking distance to the Salem Commuter Rail. Rich in character and charm, this home features crown molding carefully crafted to align with Salem's historic architectural details. Enter through the original oval glass panel door with a brass knob into a private foyer with built-ins for coats and shoes. Make your way through the glass French doors into a bright living room with original hardwood floors. The main level includes an entirely new half-bath featuring a pedestal sink, new toilet, and seamlessly matched reclaimed hardwood flooring. The formal dining room retains its original built-in china cabinet and flows into a designer-inspired kitchen boasting reclaimed hardwood flooring, a custom tile backsplash, floating shelves, dual pantries with pull-out drawers, and a dedicated coffee station with glass upper cabinets. Directly off the kitchen you'll enjoy your private deck and yard space—perfect for pets. The original staircase leads to the second floor, featuring two bedrooms, including a primary suite with a brand-new en-suite bath and custom walk-in shower, alongside a second full bath with a tub. On the third floor, you will find a versatile third bedroom ideal for a home office or gaming room. Key updates include high-efficiency multi-zone mini-splits, off-street parking, a 2017 main water line replacement, and a Ring with a rear flood camera. Lots of upgrades including all new Anderson windows. Best of all, enjoy worry-free winters with association-contracted snow removal cleared right to your front door! Welcome home to Salem (boo!)
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
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Range Hood • Oven
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First12 x 14.25
Flooring - Hardwood, French Doors, Lighting - Overhead, Crown Molding
Dining Room
Lvl Main,First14 x 12.166666666
Closet/Cabinets - Custom Built, Flooring - Hardwood, French Doors, Lighting - Pendant, Crown Molding
Kitchen
Lvl Main,First18 x 11
Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant, Crown Molding
Master Bedroom
Lvl Second12 x 21.5
Bathroom - Full, Closet, Lighting - Overhead, Crown Molding, Closet - Double
Bedroom 2
Lvl Second12 x 12.083333333
Bedroom 3
Lvl Third14.583333333 x 30.333333333
Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Recessed Lighting, Lighting - Overhead, Window Seat
Bathroom 1
Lvl Main,First6.166666666 x 3.5
Bathroom - Half, Closet/Cabinets - Custom Built, Flooring - Hardwood, Wainscoting, Lighting - Overhead, Crown Molding
Bathroom 2
Lvl Second7.666666666 x 11.25
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Wainscoting, Lighting - Overhead, Crown Molding
Bathroom 3
Lvl Second6.25 x 8.416666666
Bathroom - Full, Bathroom - With Tub & Shower, Lighting - Overhead, Crown Molding
Listing Agent: Joanne Rodrigues
Listing Office: Redfin Corp.
MLS® Number: 73571967
