
87 Bridge St #2 Salem — Photo 1 of 28
$689,000
Investment Analysis — 87 Bridge St #2
Salem, MA 01970 — Salem Neck
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 2.88% cap rate and $19,850/yr in estimated NOI at the $689,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,860
Style
Condominium
Built
1900
It is all about location. Welcome to 87 Bridge Street, Unit 2 in the Salem Neck neighborhood near Collins Cove Park & Beach. Originally built in 1900 and renovated in 2016, this spacious townhome offers four levels of living space with a versatile floor plan and a combination of classic character and modern updates.The main level features an open floor plan with hardwood flooring and recessed lighting. The kitchen offers premium grade stone/granite countertops, white shaker cabinets, a glass tile backsplash,a breakfast bar, & stainless steel appliances, including a newer dishwasher and refrigerator, with direct flow into the dining and living areas. A convenient half bath completes this level.The second floor includes two generously sized bedrooms with wood flooring and recessed lighting, along with a full tiled bathroom with tub featuring designer tile with mosaic accents.The private third-level primary suite features a generous sized walk-in closet and an en-suite spa like bathroom with a tiled shower and stone/granite vanity. The finished basement provides additional living space with a family room and storage, offering flexibility for a variety of uses. Additional features include central air conditioning, high efficiency gas heat, in-unit laundry with a full sized LG washer & dryer, access to common outdoor space, and exclusive parking. The property has its own exclusive driveway. Conveniently located near the Salem commuter rail, local parks, including Collins Cove Park & Beach, schools, and downtown Salem, with access to shopping, dining, and other area amenities. A spacious multi-level townhome with flexible living space and convenient access to all that Salem has to offer. Tenant is in place but moving out on or around 11/18.
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 • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First12 x 14
Bathroom - Half, Closet, Flooring - Hardwood, Cable Hookup, Open Floorplan, Recessed Lighting
Dining Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Lvl Main,First12 x 11
Bathroom - Half, Flooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove
Family Room
Lvl Basement23 x 10
Closet, Recessed Lighting, Flooring - Concrete
Master Bedroom
Lvl Third18 x 15
Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Wood, Recessed Lighting
Bedroom 2
Lvl Second13 x 10
Bedroom 3
Lvl Second11 x 10
Flooring - Wood, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl ThirdBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Charleen Mccarthy
Listing Office: Five Mark Realty Group LLC
MLS® Number: 73575931
