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17 Days on market
13 Saltonstall Parkway #2 Salem — Photo 1 of 21

13 Saltonstall Parkway #2 Salem — Photo 1 of 21

$549,900

Investment Analysis — 13 Saltonstall Parkway #2

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 3.05% cap rate and $16,748/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.

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Beds

2

Baths

1

SqFt

1,311

Style

Condominium

Built

1927

Be the first to own this exceptional condominium, ideally nestled on a charming dead-end street just moments from the boutiques, acclaimed restaurants, and vibrant cultural attractions of downtown Salem. Rich in character and timeless appeal, this special home welcomes you with beautiful original woodwork, gleaming hardwood floors, soaring ceilings, and an abundance of natural light throughout. The kitchen features a new stainless steel stove and refrigerator as well as quartz counters, and is conveniently located adjacent to a dedicated laundry room with a full-size washer and dryer. The spacious dining room, adorned with original built-ins, provides the perfect setting for holiday celebrations, intimate dinner parties, and everyday gatherings alike. Flowing seamlessly from the dining room is the inviting and spacious fireplaced living room, creating a warm and comfortable space for relaxing or entertaining guests. A charming sunroom adds even greater versatility, offering the ideal spot to enjoy your morning coffee, work from home, curl up with a favorite book, or simply unwind at the end of the day. Two generously sized bedrooms and a full bath with both a tub and shower complete the comfortable living space. Adding to the home's appeal are glimpses of the ocean and exclusive-use attic rights, offering exciting potential for future expansion and the opportunity to capture spectacular ocean views. Additional highlights include newer windows and recessed lighting throughout, assigned storage space in the garage, and.one off-street parking spot for a compact car. Combining historic charm, modern conveniences, and an enviable location, this is a rare opportunity to enjoy the best of Salem living in a truly special home.

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--

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Carpet, Laminate, Hardwood, Flooring - Hardwood
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl Second

Flooring - Hardwood, Balcony / Deck

Dining Room
Lvl Second

Closet/Cabinets - Custom Built, Flooring - Hardwood

Kitchen
Lvl Second

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove

Primary Bedroom
Lvl Second

Closet, Flooring - Hardwood

Bedroom 2
Lvl Second
Bathroom 1
Lvl Second

Bathroom - Full, Bathroom - Tiled With Tub & Shower

Listing Provided By

Listing Agent: Paula Pickett

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73568863