18 Almeda St Salem — Photo 1 of 7
Recent Drop: $25,000
$225,000
Investment Analysis — 18 Almeda St
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01970 carries an estimated $2,040/mo in gross rent — about a 8.16% cap rate and $18,352/yr in estimated NOI at the $225,000 list price. Adjust every assumption in the calculator below.
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Residential
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Opportunity to own a vacant parcel in a desirable Salem location. This lot offers potential for a variety of future uses, subject to buyer's due diligence and all applicable approvals. Conveniently located near shopping, restaurants, major routes, and local amenities. Public record lists this lot as non-developable due to being under the 10,000 sq. ft. minimum lot size. Buyers should perform their own due diligence. However, neighboring lots of similar size have reportedly been granted variances for new home construction.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Highway Access • Public School
Geography
Property History
$225,000
Was $250,000
Aug 23, 2026
MLS® 73553777
$250,000
Jul 22, 2026
MLS® 73553777
Listing Agent: Jordan Ryan
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73553777