
331 Bridge St #2 Salem — Photo 1 of 38
Recent Drop: $60,000
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Second13 x 15
Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Crown Molding, Decorative Molding
Kitchen
Lvl Second15 x 15
Flooring - Hardwood, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
Primary Bedroom
Lvl Third13 x 16
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Third12 x 16
Bathroom 1
Lvl Second4 x 7
Bathroom - Half
Bathroom 2
Lvl Third7 x 5
Bathroom - Full
Bathroom 3
Lvl Third7 x 6
Bathroom - Full
Property History
$729,000
Was $749,000
Sep 8, 2026
MLS® 73547187
$749,000
Was $789,000
Aug 6, 2026
MLS® 73547187
$789,000
Jul 22, 2026
MLS® 73547187
Listing Agent: Dalbon & Company
Listing Office: Keller Williams Realty Evolution
MLS® Number: 73547187