Active
53 Days on market
331 Bridge St #2 Salem — Photo 1 of 38

331 Bridge St #2 Salem — Photo 1 of 38

Recent Drop: $60,000

$789,000
$729,000

$729,000

Investment Analysis — 331 Bridge St #2

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 1.80% cap rate and $13,094/yr in estimated NOI at the $729,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2.5

SqFt

1,834

Style

Condominium

Built

2020

Modern townhouse living just steps from downtown Salem! Built in 2021, this beautifully appointed 2-bedroom, 2.5-bath home offers three thoughtfully designed levels. The flexible entry level is ideal for a home office, gym, media room, or guest space and includes direct access to the heated garage. The open-concept main level features hardwood floors, a gas fireplace, abundant natural light, and a stunning kitchen with white cabinetry, stone countertops, stainless steel appliances, and a large center island. A private composite deck extends the living space outdoors. Upstairs, you'll find two spacious bedrooms, including a primary suite with vaulted ceilings and private bath. Central air, in-unit laundry, additional parking, low condo fee, and an unbeatable location near the commuter rail, downtown restaurants, shops, parks, and waterfront complete this turnkey offering.

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 MLS and other third-party data may be inaccurate or out of date.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.

Immersive Experience

Property Details

Financials

Original Price$789,000
Annual Taxes$7,853
HOA Fee$200

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms5
Fireplaces1
FlooringHardwood, Flooring - Stone/Ceramic Tile
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres0.21
SqFt Lot9,178
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Third
Primary BedroomBedroom 2Bathroom 2Bathroom 3
Second
Living RoomKitchenBathroom 1
Living Room
Lvl Second

13 x 15

Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Crown Molding, Decorative Molding

Kitchen
Lvl Second

15 x 15

Flooring - Hardwood, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant

Primary Bedroom
Lvl Third

13 x 16

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Third

12 x 16

Bathroom 1
Lvl Second

4 x 7

Bathroom - Half

Bathroom 2
Lvl Third

7 x 5

Bathroom - Full

Bathroom 3
Lvl Third

7 x 6

Bathroom - Full

Property History

Price Drop
$729,000

Was $749,000

Sep 8, 2026

MLS® 73547187

Price Drop
$749,000

Was $789,000

Aug 6, 2026

MLS® 73547187

Listed
$789,000

Jul 22, 2026

MLS® 73547187

Listing Provided By

Listing Agent: Dalbon & Company

Listing Office: Keller Williams Realty Evolution

MLS® Number: 73547187