Active
23 Days on market
9 Franklin #1 Salem — Photo 1 of 18

9 Franklin #1 Salem — Photo 1 of 18

$749,000

Investment Analysis — 9 Franklin #1

Salem, MA 01970

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 1.28% cap rate and $9,559/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2.5

SqFt

1,288

Style

Condominium

Built

2026

Tucked just across the bridge from downtown Salem and the commuter rail, Hawthorne Row is a collection of 12 new construction townhomes. Built by respected local firm Rise Design & Build and styled by interior design studio Salt & Stone Co., these homes blend thoughtful design with clean, contemporary design. Each residence offers three levels of living, featuring 2 bedrooms, 2.5 bathrooms, and an open-concept main floor ideal for entertaining. Private balconies, garage parking underneath, and curated finishes throughout add comfort and style to everyday life. Located on a quiet side street just steps from a park and playground, and minutes to Salem’s historic downtown—known for its vibrant restaurant scene, charming shops, and walkable waterfront—Hawthorne Row is perfectly positioned for both convenience and community. This is not just a home—it’s your place in Salem’s story.

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 MLS and other third-party data may be inaccurate or out of date.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$749,000
Annual Taxes--
HOA Fee$400

Parking

Garage2
Off-Street2

Interior Specifications

Total Rooms4
FireplacesNone
FlooringEngineered Hardwood
BasementN

Climate & Utilities

HeatingDuctless
CoolingDuctless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
Foundation--
ZoningR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Third
Master BedroomBedroom 2Bathroom 2Bathroom 3
Second
Living RoomKitchenBathroom 1
Living Room
Lvl Second

Recessed Lighting, Flooring - Engineered Hardwood

Kitchen
Lvl Second

Recessed Lighting, Stainless Steel Appliances, Peninsula, Flooring - Engineered Hardwood

Master Bedroom
Lvl Third

Recessed Lighting, Flooring - Engineered Hardwood

Bedroom 2
Lvl Third
Bathroom 1
Lvl Second

Bathroom - Half

Bathroom 2
Lvl Third

Bathroom - Full, Bathroom - Tiled With Shower Stall

Bathroom 3
Lvl Third

Bathroom - Tiled With Tub

Listing Provided By

Listing Agent: Dmitriy Khesin

Listing Office: Rise Signature Homes

MLS® Number: 73566289