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27 Days on market
15 Beacon St Salem — Photo 1 of 42

15 Beacon St Salem — Photo 1 of 42

$749,000

Investment Analysis — 15 Beacon St

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 2.85% cap rate and $21,315/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1.5

SqFt

1,321

Style

Single Family

Built

1885

OPEN HOUSE SATURDAY AND SUNDAY! Enjoy coastal Salem living in this updated 3-bedroom, 1.5-bath single-family home. The first floor features an open layout with hardwood floors, recessed lighting, a dining area, and a living room with a bay window and stone-surround fireplace. The kitchen offers white shaker cabinetry, granite counters, stainless steel appliances, gas cooking, a tile backsplash, breakfast bar, and beverage refrigerator. A half bath and access to the covered deck complete the main level. Upstairs are three bedrooms with hardwood floors and vaulted ceilings, including a primary bedroom with double closets, plus a full bath with a tiled tub and shower and convenient second-floor laundry. The home features a hot-water radiant heating system and tankless on-demand hot water. The fenced backyard offers mature plantings, an in-ground irrigation system, a paver patio, a gravel seating area, and plenty of space to garden or entertain. Rooftop solar panels with a Tesla Powerwall and off-street parking add practical appeal. Close to Collins Cove Park, the waterfront, and pickleball courts, with easy access to downtown Salem and the commuter rail.

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: 661 sq ft (the lesser of 900 sq ft or half the 1,321 sq ft principal dwelling). Lot size: 2,278 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$749,000
Annual Taxes$6,775

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces1
FlooringWood, Hardwood
BasementFull, Concrete

Climate & Utilities

HeatingRadiant, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningR2

Property & Lot

Acres0.05
SqFt Lot2,278
Lot Features--

Amenities & Appliances

Gas Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Washer/Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Marina

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First

19.583333333 x 14.583333333

Flooring - Hardwood, Window(s) - Bay/Bow/Box, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

11.083333333 x 14.583333333

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Kitchen
Lvl First

11.75 x 13.25

Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Wine Chiller, Gas Stove

Primary Bedroom
Lvl Second

13.833333333 x 11.916666666

Vaulted Ceiling(s), Flooring - Hardwood, Closet - Double

Bedroom 2
Lvl Second

11.75 x 8.833333333

Bedroom 3
Lvl Second

11.75 x 11.166666666

Vaulted Ceiling(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl First

3.916666666 x 5.416666666

Bathroom - Half

Bathroom 2
Lvl Second

8.833333333 x 7.5

Bathroom - Full, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Herrick Lutts Realty Partners

Listing Office: Herrick Lutts Realty Partners

MLS® Number: 73564499