18 Cliff Street Salem — Photo 1 of 28
$879,000
Investment Analysis — 18 Cliff Street
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01970 carries an estimated $6,160/mo in gross rent — about a 5.47% cap rate and $48,106/yr in estimated NOI at the $879,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,384
Style
2 Family - 2 Units Up/Down
Built
1890
Well-maintained two-family home in the highly desirable Forest River Park neighborhood, offering an excellent opportunity for both owner-occupants and investors. Each unit features a separate entrance, three bedrooms, one bathroom, in-unit washer and dryer, high ceilings, and gleaming hardwood floors throughout. Ideally situated just one block from Forest River Park and three blocks from Salem State University's North Campus, this property offers exceptional convenience. Public transportation is easily accessible, with the Lafayette Road bus route located two blocks away, providing service to downtown Salem and Boston's Haymarket area. Unit 1 Currently has a TAW, and unit 2 is vacant.
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 MLS and other third-party data may be inaccurate or out of date.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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Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
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Listing Agent: Lindsey Mccarthy
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73536806