Active
23 Days on market
35 Northend Avenue Salem — Photo 1 of 33

35 Northend Avenue Salem — Photo 1 of 33

Recent Drop: $19,100

$589,000
$569,900

$569,900

Investment Analysis — 35 Northend Avenue

Salem, MA 01970 — North Salem

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 3.08% cap rate and $17,560/yr in estimated NOI at the $569,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1.5

SqFt

1,340

Style

Single Family

Built

1966

NEW PRICE! Located in North Salem on a quiet side street, this 1966 ranch offers a solid foundation, a desirable layout, and plenty of potential for its next owner. While some cosmetic updating would enhance the interior, the home already features an appealing open-concept floor plan connecting the living room, dining area, and kitchen—a layout that feels surprisingly current and provides flexibility for everyday living and entertaining. Large vinyl replacement windows bring in abundant natural light, and the original oak flooring offers an opportunity to restore the warmth and character of the home once refinished. The main living level includes two comfortably sized bedrooms, while the partially finished basement provides valuable additional living space and a second bathroom. A garage under the house adds convenience and storage. Several important improvements have already been made, including replacement of approximately half of the roof and the recent installation of a high-quality Buderus natural gas heating system. Outside, the back deck overlooks a large, level grassy backyard with plenty of room to enjoy the outdoors. Generous garden areas along both sides of the property provide additional space for landscaping, planting, or creating your own outdoor retreat. With solid bones, an open floor plan, substantial yard space, and key mechanical updates already completed, this North Salem ranch offers an excellent opportunity to make thoughtful cosmetic improvements and create a home that reflects your own style. Located in a predominantly single-family neighborhood, just minutes to the rolling hills, public vegetable gardens and farmers market at Mack Park. Northend Avenue offers a quiet residential setting with easy access to major routes.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 670 sq ft (the lesser of 900 sq ft or half the 1,340 sq ft principal dwelling). Lot size: 6,882 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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

Original Price$589,000
Annual Taxes$5,787

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Laminate, Hardwood
BasementFull, Partially Finished, Walk-Out Access

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.16
SqFt Lot6,882
Lot Features--

Amenities & Appliances

Gas Water Heater • Range • Disposal • Refrigerator

Neighborhood

Public Transportation • Shopping • Park • Golf • Medical Facility • Laundromat

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Basement
Bathroom 2
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First
Primary Bedroom
Lvl First

Flooring - Hardwood

Bedroom 2
Lvl First
Bathroom 1
Lvl First

Bathroom - Full

Bathroom 2
Lvl Basement

Bathroom - Half

Property History

Price Drop
$569,900

Was $589,000

Aug 29, 2026

MLS® 73566919

Listed
$589,000

Aug 21, 2026

MLS® 73566919

Listing Provided By

Listing Agent: Ginny Leblanc

Listing Office: Coldwell Banker Realty - Marblehead

MLS® Number: 73566919