9 Boardman St #3 Salem — Photo 1 of 23
Recent Drop: $30,000
$315,000
Investment Analysis — 9 Boardman St #3
Salem, MA 01970
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 4.46% cap rate and $14,061/yr in estimated NOI at the $315,000 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
796
Style
Condominium
Built
1880
Head up to the top floor, and the light gets to you first, pouring through the windows, the ceilings sitting higher than you'd expect for a top floor space. Hardwood floors, a pressed-tin backsplash in the kitchen, and storage tucked into the eaves. There's real room to live here, close to 800 square feet, which is spacious for a Salem one-bedroom. The living room stands on its own; the dining area can double as a work-from-home space if you need one, and the compact, open kitchen has what you need. Out back, a shared garden patio waits for warm evenings. And it stays livable month to month: the condo fee is $175 and covers water, sewer, insurance, and maintenance. Outside, Salem Common and Collins Cove are minutes away, downtown's restaurants are close by, and Boston is a short ride out on the commuter rail or the ferry.
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 MLS and other third-party data may be inaccurate or out of date.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
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First14.333333333 x 11.666666666
Closet/Cabinets - Custom Built, Flooring - Hardwood
Dining Room
Lvl First14.333333333 x 8.25
Closet, Flooring - Hardwood
Kitchen
Lvl First13.333333333 x 10
Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island
Primary Bedroom
Lvl First14.166666666 x 11.833333333
Closet, Flooring - Hardwood
Bathroom 1
Lvl First16 x 8.583333333
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Skylight, Flooring - Laminate
Property History
$315,000
Was $345,000
Aug 20, 2026
MLS® 73549507
$345,000
Jul 14, 2026
MLS® 73549507
Listing Agent: Tyson Lynch
Listing Office: The Proper Nest Real Estate
MLS® Number: 73549507