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9 Liberty Hill Ave Salem — Photo 1 of 30

9 Liberty Hill Ave Salem — Photo 1 of 30

$575,000

Investment Analysis — 9 Liberty Hill Ave

Salem, MA 01970

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 4.17% cap rate and $23,964/yr in estimated NOI at the $575,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

1.5

SqFt

1,994

Style

Single Family

Built

1890

Opportunity knocks! This spacious single-family home offers great bones, a fantastic layout, and an unbeatable location. Filled with natural light and featuring high ceilings throughout, this home is ready for its next chapter and awaits your design and renovation ideas. The first floor showcases original hardwood floors and charming period details, a double living room with a pellet stove, and a large open kitchen and dining area complete with a breakfast bar. Sliding glass doors lead to a deck overlooking the generous backyard and storage shed—perfect for outdoor entertaining and recreation. A first-floor half bath has been taken down to the studs and is ready for renovation. Upstairs, you'll find four generously sized bedrooms, a dedicated office, and a shared full bath. One bedroom has also been taken down to the studs and is being sold as-is, offering a blank canvas for customization. The full walk-up attic presents exciting expansion potential, with the possibility of adding approximately 500 square feet of living space. The basement is currently configured as a guest suite with a living area, bedroom space, kitchen, and full bath. While roughly finished, it offers tremendous potential for updating and added value. Bring your vision and restore this bright, spacious home to its full potential!

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: 900 sq ft (the lesser of 900 sq ft or half the 1,994 sq ft principal dwelling). Lot size: 5,401 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.

Open Houses

Property Details

Financials

Original Price$575,000
Annual Taxes$6,953

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms8
Fireplaces1
Flooring--
BasementFull, Partially Finished

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingNone
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationStone
ZoningR2

Property & Lot

Acres0.12
SqFt Lot5,401
Lot FeaturesLevel

Neighborhood

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

Geography

Listing Provided By

Listing Agent: Jeremy Mcelwain

Listing Office: Coldwell Banker Realty - Manchester

MLS® Number: 73567327