65 Washington Street #405 Salem — Photo 1 of 34
$695,000
Investment Analysis — 65 Washington Street #405
Salem, MA 01970 — Downtown
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 1.26% cap rate and $8,765/yr in estimated NOI at the $695,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,092
Style
Condominium
Built
2020
Welcome to BRIX, Salem’s premier luxury condominium community in the heart of historic downtown. Built in 2021 and offering sophisticated urban living, this stunning 2-bedroom, 2-bath residence features an open-concept floor plan, high-end designer finishes, oversized windows, hardwood floors, high ceilings, and abundant natural light. Enjoy beautiful views of the North River, Washington and Federal Streets, the downtown skyline, and spectacular sunset vistas. The contemporary kitchen is appointed with stainless steel appliances, quartz countertops, and ample cabinetry, while the spacious primary suite offers a walk-in closet and stylish en suite bath with walk-in shower. Additional highlights include in-unit laundry, central air, plentiful storage, and one heated garage parking spaces. Residents enjoy exceptional amenities including a fitness center, clubroom, mailroom, pet-washing station, on site manager, and a rooftop/outdoor terrace complete with grill and fire pit. Just outside your door, explore Salem’s vibrant downtown filled with shops, restaurants, cafes, theaters, museums, parks, public transportation, and easy access to Boston. Experience the ultimate luxury, walkable lifestyle at BRIX.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Picture, Open Floorplan, Recessed Lighting
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Pendant
Master Bedroom
Lvl Main,FirstWalk-In Closet(s), Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Main,FirstBathroom 1
Lvl Main,FirstBathroom - 3/4, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Double Vanity, Recessed Lighting, Lighting - Sconce
Bathroom 2
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Lighting - Sconce, Soaking Tub
Listing Agent: Elizabeth Walters
Listing Office: Coldwell Banker Realty - Marblehead
MLS® Number: 73572288