93 Mason St Salem — Photo 1 of 19
$499,000
Investment Analysis — 93 Mason St
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 4.74% cap rate and $23,670/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,148
Style
Single Family
Built
1870
A standout value for an updated single-family home in Salem! This circa 1870 home has been thoughtfully improved and carefully maintained, blending historic character with everyday comfort. Inside, a renovated kitchen and updated bathroom complement inviting living spaces, creating a warm, functional layout ready to enjoy. Outside, the fenced-in driveway provides off-street parking for one to two cars. A quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, this home offers easy access to the best of Salem while remaining outside the busiest tourist areas. Don’t miss out on this wonderful opportunity to own a move-in-ready single-family home in a convenient Salem location!
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: 574 sq ft (the lesser of 900 sq ft or half the 1,148 sq ft principal dwelling). Lot size: 1,150 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 MLS and other third-party data may be inaccurate or out of date.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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Listing Agent: Alex Rice
Listing Office: Choose Boston, LLC
MLS® Number: 73573590