Active
3 Days on market
29 Andrew Street #2 Salem — Photo 1 of 22

29 Andrew Street #2 Salem — Photo 1 of 22

$525,000

Investment Analysis — 29 Andrew Street #2

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 3.92% cap rate and $20,568/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

1

SqFt

1,040

Style

Condominium

Built

1850

This condo is in a great location, just blocks off of The Salem Common. Easy walking to all shops, restaurants, waterfront and the T Station. It features a large living room with original molding and a built-in cabinet, stainless appliances in the large fireplaced kitchen, and a stackable washer/dryer in the laundry area. The primary bedroom also has a fireplace. Two other bedrooms, a newly renovated bathroom and a lighted built-in the hall for extra storage round out this home. This includes two deeded parking spots in the driveway. Open Houses Thursday, 9/10 from 5-7 and Saturday 9/12 from 11-1.

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 MLS and other third-party data may be inaccurate or out of date.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$525,000
Annual Taxes$4,521.82
HOA Fee$250

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
Fireplaces2
FlooringWood
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
ZoningR3

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomKitchenMaster BedroomBedroom 2Bedroom 3Bathroom 1
Living Room
Lvl First
Kitchen
Lvl First
Master Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First
Listing Provided By

Listing Agent: Sheila Macdonald

Listing Office: J. Barrett & Company

MLS® Number: 73574847