7 Cedarcrest Rd Salem — Photo 1 of 41
$699,900
Investment Analysis — 7 Cedarcrest Rd
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 3.02% cap rate and $21,147/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,711
Style
Single Family
Built
1963
Lovingly maintained by its original owner & located on a dead end street you will find this warm & welcoming ranch is filled w/charm & character! The exterior sets the tone as you step into a sun-filled living room featuring HW floors, a classic brick-faced fireplace, & a bow window that frames the space w/natural light. The spacious eat-in kitchen offers plenty of room for cooking & gathering, & opens to a delightful sunroom. Three comfortable bedrooms, all w/hardwood floors, & a full bath completes the main level. The lower level is a true bonus, offering an inviting additional living area w/ an enchanting fireplace to warm up the room for cozy movie nights. This level also includes a second kitchen w/a wood stove, laundry area & half bath. This kitchen could also serve as a home office or a potential fourth bedroom. Huge walk-in storage closet. Step out to the backyard designed for enjoyment featuring a patio, fenced in garden area. Garage, CA, CVac.
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: 856 sq ft (the lesser of 900 sq ft or half the 1,711 sq ft principal dwelling). Lot size: 17,189 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Refrigerator • Dryer
Neighborhood
Public Transportation • Shopping • Golf • Medical Facility • House of Worship • Private School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl FirstFlooring - Stone/Ceramic Tile, Dining Area
Primary Bedroom
Lvl FirstCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - Half, Bathroom - Tiled With Tub & Shower, Closet - Linen
Bathroom 2
Lvl BasementBathroom - With Shower Stall
Property History
$699,900
Aug 28, 2026
MLS® 73569530
$765,000
Jun 30, 2026
MLS® 73505596
$765,000
Apr 22, 2026
MLS® 73505596
Listing Agent: Joyce Cucchiara
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73569530