145 Boston St Salem — Photo 1 of 41
$485,000
Investment Analysis — 145 Boston 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 4.66% cap rate and $22,604/yr in estimated NOI at the $485,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,706
Style
Single Family
Built
1880
Unique opportunity to build sweat equity in a highly convenient area with easy access to downtown Salem and downtown Peabody as well as Highland Ave and Bridge St. This property offers two beds and a full bath in the original main house and the addition offers easy opportunity for a potential accessory dwelling with one bed and a full bath. Large fenced yard, off street parking for 2-3 cars make this a great project to live in, update and reap the equity growth that Salem offers along with all amenities of both Salem & Peabody. BRAND NEW HEATING SYSTEM. Sold as-is. Easy to show. Contact list agent.
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: 853 sq ft (the lesser of 900 sq ft or half the 1,706 sq ft principal dwelling). Lot size: 5,841 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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Dishwasher • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Property History
$485,000
Jun 24, 2026
MLS® 73541071
$485,000
Apr 16, 2026
MLS® 73469206
$485,000
Jan 16, 2026
MLS® 73469206
$499,900
Jan 1, 2026
MLS® 73444644
$499,900
Oct 16, 2025
MLS® 73444644
Listing Agent: Dan Bernal
Listing Office: Atlantic Coast Homes,Inc
MLS® Number: 73541071