400 Jefferson Salem — Photo 1 of 21
Recent Drop: $30,000
$489,900
Investment Analysis — 400 Jefferson
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 4.46% cap rate and $21,868/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,458
Style
Single Family
Built
1910
Welcome to 400 Jefferson Avenue in Salem, a home filled with charm, character, and plenty of opportunity to make it your own. The interior is ready for cosmetic updating, and the price reflects the opportunity for a buyer to put in some sweat equity and add value over time.The first floor features hardwood flooring throughout, along with charming built-ins and architectural details that give the home warmth and personality. A new roof was installed in 2023, taking care of one of the larger-ticket improvements for the next owner.Outside, you'll find a detached one-car garage and a level, fenced-in yard with plenty of space for entertaining, pets, gardening, or simply enjoying your own private outdoor space. For the buyer who is looking to build some sweat equity in a home that's in a great neighborhood, this home offers so much potential. This home offers a great opportunity to own in one of the North Shore's most desirable communities.
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: 729 sq ft (the lesser of 900 sq ft or half the 1,458 sq ft principal dwelling). Lot size: 5,306 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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Geography
Property History
$489,900
Was $519,900
Sep 2, 2026
MLS® 73565674
$519,900
Aug 19, 2026
MLS® 73565674
Listing Agent: Patrick Williebonglo
Listing Office: Dominion Realty Corp.
MLS® Number: 73565674