219 North St. Salem — Photo 1 of 42
Recent Drop: $25,000
$495,000
Investment Analysis — 219 North St.
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 3.65% cap rate and $18,062/yr in estimated NOI at the $495,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,491
Style
Single Family
Built
1960
Don't miss this charming split entry raised ranch on a corner lot with endless possibilities. 2 beds & 2 baths. New heating system. Newer roof and windows. Nice yard with parking for 3 cars.This home is ready for your personal touch. Located near the Peabody line with easy access to major highways, downtown Salem, downtown Peabody shopping, restaurants, 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: 746 sq ft (the lesser of 900 sq ft or half the 1,491 sq ft principal dwelling). Lot size: 5,227 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 MLS and other third-party data may be inaccurate or out of date.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.
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Electric Water Heater • Oven • Disposal • Range • Refrigerator • Washer • Dryer
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Public Transportation • Shopping • Park • Medical Facility • Highway Access • House of Worship
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Living Room
Lvl nullFlooring - Hardwood, Window(s) - Picture
Property History
$495,000
Was $520,000
Sep 10, 2026
MLS® 73568226
$520,000
Aug 26, 2026
MLS® 73568226
Listing Agent: Paula Beck
Listing Office: Flow Realty, Inc.
MLS® Number: 73568226