4 Arthur Street Salem — Photo 1 of 25
Recent Drop: $20,000
$549,900
Investment Analysis — 4 Arthur Street
Salem, MA 01970 — Castle Hill
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 4.22% cap rate and $23,227/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
957
Style
Single Family
Built
1920
Don't miss this charming single-family ranch in the desirable Castle Hill neighborhood! Full of potential and endless possibilities, this home is ready for your personal touch. The property features expansive yard a two-plus-car driveway, a spacious eat-in kitchen with a pantry, and a bright four-season porch that also serves as a convenient mudroom. The home offers three generously sized bedrooms and a full tiled bathroom.The large full basement includes a washer and dryer and provides abundant storage space, with potential for future expansion. Conveniently located near downtown Salem, the golf course, schools, and the hospital, this home offers both comfort and accessibility.Whether you're a first-time home buyer or someone looking for a single-family home with room to grow, this is an exceptional opportunity. Schedule your showing today and envision the possibilities of making this your new home! Open House this Saturday (08/08/2026) 12PM-2PM!!!!
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: 479 sq ft (the lesser of 900 sq ft or half the 957 sq ft principal dwelling).
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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Golf
Geography
Property History
$549,900
Was $559,900
Aug 31, 2026
MLS® 73556631
$559,900
Was $569,900
Aug 18, 2026
MLS® 73556631
$569,900
Jul 29, 2026
MLS® 73556631
Listing Agent: Christopher Brimicombe
Listing Office: Greater Metropolitan R. E.
MLS® Number: 73556631