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26 Andrew Street #2R Salem — Photo 1 of 32

26 Andrew Street #2R Salem — Photo 1 of 32

$575,000

Investment Analysis — 26 Andrew Street #2R

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 2.63% cap rate and $15,106/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,111

Style

Condominium

Built

1870

Enjoy the best of downtown Salem living at 26 Andrew Street, ideally located just moments from the Salem Common, Collins Cove, Derby Street, Pickering Wharf, Salem Harbor, shops, restaurants, Salem MBTA commuter rail to Boston, and the vibrant downtown district. This spacious and bright 2-bedroom, 2-bath condominium offers the perfect combination of location, comfort, and convenience—with the rare bonus of two off-street parking spaces.The inviting open-concept living and dining area flows seamlessly into a beautifully appointed kitchen featuring cherry cabinetry, granite countertops, and stainless steel appliances, creating an ideal space for both everyday living and entertaining. Step outside to your private balcony, perfect for morning coffee or unwinding at the end of the day.The spacious primary bedroom offers two closets and an updated ensuite bath, while the second bedroom and additional full bathroom provide flexibility for guests, a home office, or additional living space. In-unit laundry and private basement storage add everyday convenience.Recent improvements include furnace/central AC, hot water heater, and roof, providing valuable peace of mind. This is an exceptional opportunity to enjoy a truly connected and walkable Salem lifestyle. Whether you're seeking a primary residence, weekend retreat, or investment opportunity, 26 Andrew Street delivers space, parking, updates, and an unbeatable location just minutes from Boston by train.

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.

Open Houses

Property Details

Financials

Original Price$575,000
Annual Taxes$5,361
HOA Fee$240

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl Second
Dining Room
Lvl Second
Kitchen
Lvl Second
Master Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bathroom 1
Lvl Second

Bathroom - Full

Bathroom 2
Lvl Second

Bathroom - Full

Listing Provided By

Listing Agent: Merry Fox Team

Listing Office: MerryFox Realty

MLS® Number: 73573185