6 Union St #3 Salem — Photo 1 of 24
$557,000
Investment Analysis — 6 Union St #3
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01970 carries an estimated $2,560/mo in gross rent — about a 2.45% cap rate and $13,673/yr in estimated NOI at the $557,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,318
Style
Condominium
Built
1900
Living in the heart of Salem! This stunning Penthouse with a loft strikes a balance between modern upgrades and historic charm, featuring exposed wooden beams and brick accents. Soaring ceilings, oversized windows, skylights and tons of natural sunlight. Expansive main bedroom with cozy nook area for a relaxing reading chair or desk. A newly updated bathroom too. Amenities include an assigned off-street parking space, central air, in-unit laundry, and a large basement storage unit. Bonus: low condo fee and pet-friendly. Perfectly situated and close to everything - Salem Common, Pickering Wharf, Salem MBTA commuter rail station, parks, beach, and a bevy of fabulous restaurants! Unbeatable location with a 99 walking score!
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl ThirdFlooring - Wood
Kitchen
Lvl ThirdFlooring - Wood, Countertops - Stone/Granite/Solid, Remodeled, Gas Stove
Master Bedroom
Lvl ThirdCloset, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Fourth FloorBathroom 1
Lvl ThirdBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Remodeled, Washer Hookup
Listing Agent: Maryellen Mitchell
Listing Office: J. Barrett & Company
MLS® Number: 73571442
