11 Read St #1 Salem — Photo 1 of 24
$325,000
Investment Analysis — 11 Read St #1
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 6.00% cap rate and $19,500/yr in estimated NOI at the $325,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
807
Style
Condominium
Built
1980
Welcome to this charming 3-bedroom, 1-bathroom condominium nestled on a quiet dead end street in a bustling neighborhood. Key features include the newer kitchen cabinets, stainless steel appliances, recessed lighting throughout, jacuzzi tub, and nice sized backyard. The best perk is oil heat, water/sewer, trash service, and exterior maintenance is included in the condo fee to ensure an stress-free lifestyle. The condominium also offers amenities like in-unit laundry facilities for added convenience. Hurry and take advantage of this opportunity! Experience the vibrant lifestyle that Salem has to offer.
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 MLS and other third-party data may be inaccurate or out of date.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.
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Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer
Neighborhood
Public Transportation • Park • Walk/Jog Trails • House of Worship • Public School • T-Station
Geography
Property History
$325,000
Aug 31, 2026
MLS® 73570127
$369,000
Apr 29, 2025
MLS® 73325001
$369,000
Jan 10, 2025
MLS® 73325001
Listing Agent: Desiree Taylor
Listing Office: Desired Homes Realty LLC
MLS® Number: 73570127