225 North St Salem — Photo 1 of 24
$624,999
Investment Analysis — 225 North St
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01970 carries an estimated $3,390/mo in gross rent — about a 3.83% cap rate and $23,951/yr in estimated NOI at the $624,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1
SqFt
1,439
Style
Single Family
Built
1900
This charming four-bedroom Salem home blends classic 1900s character with thoughtful updates and a highly convenient location. A welcoming covered porch leads into a bright living room featuring a fireplace, hardwood floors, and original woodwork. The formal dining room includes a beautiful built-in cabinet, while the spacious eat-in kitchen opens through French doors to the fenced backyard.The flexible layout offers a generously sized first-floor bedroom, with three additional bedrooms upstairs. Ample closet space and a full basement provide plenty of storage, and the hard-to-find attached two-car garage adds everyday convenience.Located near the Peabody line with easy access to major highways, downtown Salem, shopping, restaurants, and the commuter rail. Enjoy scenic walks through the historic cemetery across the street while still being close to everything Salem has to offer.
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: 720 sq ft (the lesser of 900 sq ft or half the 1,439 sq ft principal dwelling). Lot size: 5,001 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
Water Heater • Range • Dishwasher • Refrigerator • Freezer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Listing Agent: Jordan Ryan
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73562607