5 Winter Island Rd Salem — Photo 1 of 41
$1,695,000
Investment Analysis — 5 Winter Island Rd
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 01970 carries an estimated $3,390/mo in gross rent — about a 0.85% cap rate and $14,433/yr in estimated NOI at the $1,695,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4.5
SqFt
4,271
Style
Single Family
Built
1962
A rare opportunity on coveted Juniper Cove, this exceptional waterfront property is offered after 50 years of family ownership. Set on a large, level lot with mature plantings, the home enjoys sweeping water views, a saltwater infinity pool, and a private dock...walk from your backyard to your boat and head out for an afternoon on the water! The protected cove offers a beautiful backdrop of sea grasses, rock outcroppings, and views toward Bakers Island and the Gold Coast. Designed for single-level living, the 1st floor features generous living and dining rooms and a spacious primary suite overlooking the cove. The primary wing includes an en-suite bath, a large room ideal for a walk-in closet or dressing room, and a private deck. Upstairs are three bedrooms and two full baths. A separate two-bedroom apartment with private entrance is ideal for Airbnb use. This is a rare find: a generously proportioned waterfront home paired with a private pool, dock, and large yard.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 4,271 sq ft principal dwelling). Lot size: 74,244 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater
Geography
Listing Agent: Michael Selbst
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73568131
