
102 Wharf St #A6 Salem — Photo 1 of 41
$525,000
Investment Analysis — 102 Wharf St #A6
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 2.17% cap rate and $11,386/yr in estimated NOI at the $525,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,045
Style
Condominium
Built
1980
Wake up in the heart of Salem with the historic tall ship Friendship and the harbor right outside your window! This is downtown living at its absolute best. Perched on Pickering Wharf, get your morning coffee from Jaho, and dine at Finz, visible from your front door. All day you can stroll to the Commons, visit PEM or any of Salem's historic sites, or laze away the afternoon at the beaches or marinas. Inside, the downstairs is beautifully laid out with exposed beams, a fireplace, and an open-concept flow that feels both cozy and functional. Spacious rooms. Gorgeous fireplace. The kitchen has been fully updated with new appliances, new quartz countertops, and new flooring. Central AC and in-unit laundry add everyday ease, and the whole space has been freshly painted top to bottom. Step out onto your private balcony for sweeping water views over Historic Derby Wharf, your own front-row seat to the harbor. A deeded parking space close to the unit seals the deal. Only a short walk to the Salem train station. Views like this don't come up often. Pickering Wharf living, with the whole of downtown Salem at your doorstep.
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Shopping • Park • House of Worship • Marina • T-Station • University
Geography
Listing Agent: Nathan Seavey
Listing Office: Leading Edge Real Estate
MLS® Number: 73560545








