249 Loring Ave Salem — Photo 1 of 21
Recent Drop: $100,000
$950,000
Investment Analysis — 249 Loring Ave
Salem, MA 01970 — South Salem
Based on rent reported on the MLS listing, a 2-unit multi-family in 01970 carries $7,300/mo in gross rent — about a 5.94% cap rate and $56,388/yr in estimated NOI at the $950,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
6
SqFt
3,342
Style
2 Family - 2 Units Up/Down
Built
1930
Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 5 car parking plus 2 garages. All separate utilities.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Property History
$950,000
Was $999,999
Aug 17, 2026
MLS® 73542504
$999,999
Was $1,050,000
Jul 21, 2026
MLS® 73542504
$1,050,000
Jun 26, 2026
MLS® 73542504
$369,900
May 25, 2011
MLS® 71206260
$369,900
Mar 28, 2011
MLS® 71206260
Listing Agent: Alexander Barmin
Listing Office: Averbuch Realty
MLS® Number: 73542504