Active
9 Days on market
1 Randall St Salem — Photo 1 of 37

1 Randall St Salem — Photo 1 of 37

$549,900

Investment Analysis — 1 Randall St

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 3.91% cap rate and $21,522/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,556

Style

Single Family

Built

1890

Welcome home to 1 Randall St! This sweet home is a perfect condo alternative, with three levels of living space, parking and a quaint yard. Located in North Salem, you'll be in a great commuter location - close to 128 or the MBTA. Inside, a spacious living/dining room has high ceilings and wood floors. A first-floor bedroom could also be used as a office. The kitchen has gorgeous granite countertops with complimentary backsplash, a conveniently located stackable washer/dryer, and an updated 3/4 bath with tiled shower rounds out the first floor. Upstairs you'll find two bedrooms and second full bath, with lots of closet space and built-ins. The basement level has plenty of space for storage and mechanicals, and also a finished space perfect for a den, playroom or office. Move right in and start enjoying everything Salem has to offer! First showings at open houses.

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: 778 sq ft (the lesser of 900 sq ft or half the 1,556 sq ft principal dwelling). Lot size: 1,660 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.

Open Houses

Property Details

Financials

Original Price$549,900
Annual Taxes$6,568

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile
BasementFull, Partially Finished, Bulkhead, Sump Pump

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone
ZoningB1

Property & Lot

Acres0.04
SqFt Lot1,660
Lot FeaturesLevel

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator

Neighborhood

Public Transportation • T-Station

Geography

Floorplan Breakdown

Structural Layout

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

Listing Agent: Kaitlin Martel

Listing Office: Martel Real Estate

MLS® Number: 73571668