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84 Almeda St Salem — Photo 1 of 27

84 Almeda St Salem — Photo 1 of 27

$799,900

Investment Analysis — 84 Almeda St

Salem, MA 01970 — Gallows Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01970 carries an estimated $3,390/mo in gross rent — about a 2.90% cap rate and $23,231/yr in estimated NOI at the $799,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,715

Style

Single Family

Built

1972

Welcome to 84 Almeda St. West, where comfort meets convenience and your backyard becomes your own private oasis. Tucked into a quiet neighborhood with easy access to Highland Ave., downtown Salem, and South Peabody, this home offers a flexible layout with a first-floor primary bedroom, full bath with laundry, mudroom, and garage access or full walk out to yard. On the main level, enjoy an open-concept living area with hardwood floors, a wood-burning stove anchoring the living room, an updated kitchen with granite countertops and stainless steel appliances, plus a spacious sun filled family room with two sliders leading to dual decks. Three additional bedrooms and a second full bath complete the main level. Outside, relax or entertain your friends and family in the oversized yard featuring a covered patio, plenty of grass to run in, a garden to tend to, an above-ground pool, cabana, built in bar and your own private beach. This is the yard of your dreams! Two driveways for parking!

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: 858 sq ft (the lesser of 900 sq ft or half the 1,715 sq ft principal dwelling). Lot size: 14,802 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

Original Price$799,900
Annual Taxes$7,686

Parking

Garage1
Off-Street5

Interior Specifications

Total Rooms6
Fireplaces1
FlooringTile, Hardwood, Flooring - Stone/Ceramic Tile
BasementNone

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.34
SqFt Lot14,802
Lot Features--

Amenities & Appliances

Gas Water Heater • Dishwasher • Disposal • Microwave • Refrigerator • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Pool • Park • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Primary BedroomBathroom 1
Main,Second
Living RoomDining RoomKitchenFamily RoomBedroom 2Bedroom 3Bedroom 4Bathroom 2
Living Room
Lvl Main,Second

14.1 x 13.3

Wood / Coal / Pellet Stove, Open Floorplan

Dining Room
Lvl Main,Second

9.4 x 10.1

Open Floorplan, Lighting - Overhead

Kitchen
Lvl Main,Second

11.11 x 10.1

Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Remodeled, Stainless Steel Appliances, Lighting - Overhead

Family Room
Lvl Main,Second

14 x 15.7

Ceiling Fan(s), Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Balcony / Deck, Exterior Access, Open Floorplan, Slider, Half Vaulted Ceiling(s)

Primary Bedroom
Lvl First

13.9 x 12.11

Ceiling Fan(s), Closet

Bedroom 2
Lvl Main,Second

14.1 x 9.9

Bedroom 3
Lvl Main,Second

8.11 x 13.3

Ceiling Fan(s), Flooring - Hardwood, Closet - Double

Bedroom 4
Lvl Main,Second

9.8 x 9.5

Ceiling Fan(s), Closet, Flooring - Hardwood

Bathroom 1
Lvl First

9.5 x 9.9

Bathroom - 3/4, Bathroom - With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Dryer Hookup - Gas, Washer Hookup, Lighting - Overhead

Bathroom 2
Lvl Main,Second

7.5 x 9.9

Bathroom - With Tub & Shower, Lighting - Overhead

Listing Provided By

Listing Agent: Jill Avery

Listing Office: Century 21 North East

MLS® Number: 73550761