66 Essex Street #1 Salem — Photo 1 of 25
$475,000
Investment Analysis — 66 Essex Street #1
Salem, MA 01970 — McIntire Historic District
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01970 carries an estimated $2,160/mo in gross rent — about a 2.59% cap rate and $12,282/yr in estimated NOI at the $475,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1.5
SqFt
855
Style
Condominium
Built
1890
A+ Location & Brand-New Upgrades! Enjoy ultimate peace of mind with a brand-new furnace, AC condenser, and hot water heater (2025), plus newly refinished hardwood floors, soaring ceilings, central A/C, and a modern kitchen with a large island ~ perfect for entertaining! Located in the heart of Washington Square Historic District, in the lower residential end of historic Essex Street—just steps to Salem Common and the Hawthorne Hotel—this premier location avoids downtown noise while keeping Derby Wharf, Salem State, dining, and the commuter rail minutes away. This bright, first-floor layout offers 855 sq ft of effortless single-level living with no stairs to climb. The highly functional layout features a true primary suite with a double vanity, a rare guest half-bath, a dedicated home office, in-unit laundry, and a cozy private rear porch. Complete with an oversized mudroom and private basement storage. This home offers the space, ease, and A+ location and layout you’ve been looking
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 MLS and other third-party data may be inaccurate or out of date.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.
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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
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First18 x 12.25
Closet, Flooring - Hardwood, Exterior Access, Lighting - Overhead
Kitchen
Lvl First11.333333333 x 13.5
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Lighting - Overhead
Office
Lvl First8.083333333 x 11.083333333
Closet, Flooring - Hardwood, Lighting - Overhead
Primary Bedroom
Lvl First14.083333333 x 12.25
Bathroom - Full, Closet, Flooring - Hardwood, Lighting - Overhead
Bathroom 1
Lvl First7.416666666 x 11.083333333
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile, Lighting - Pendant
Bathroom 2
Lvl First7.583333333 x 4.25
Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup, Lighting - Overhead
Listing Agent: Joanne Rodrigues
Listing Office: Redfin Corp.
MLS® Number: 73549948