106 Leach St #2 Salem — Photo 1 of 21
Recent Drop: $5,100
$679,900
Investment Analysis — 106 Leach St #2
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 2.41% cap rate and $16,400/yr in estimated NOI at the $679,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1.5
SqFt
1,462
Style
Condominium
Built
1900
Perched on the second floor in one of Salem's most desirable waterfront locations, this stunning 3-bedroom, 1.5-bath condominium offers the perfect blend of coastal charm and modern convenience. Wake up to breathtaking water views and enjoy your morning coffee or evening sunsets from the private deck off the spacious sunporch, where the beauty of the ocean is right outside your door. Inside, you'll find gleaming hardwood floors throughout, creating a warm and inviting atmosphere. The thoughtfully designed layout offers generous living spaces filled with natural light, making it ideal for both everyday living and entertaining. Step outside to beautifully maintained common grounds featuring an additional waterfront deck, providing the perfect place to relax, unwind, and take in the picturesque surroundings. highlights include off-street parking and an unbeatable location just moments from Salem's vibrant downtown. Enjoy easy access to boutique shopping, renowned restaurants, historic attractions, waterfront parks, and everything this charming coastal city has to offer. Don't miss this rare opportunity to own a beautiful waterfront condo that combines spectacular views, timeless character, and an exceptional lifestyle in the heart of Salem.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl SecondFlooring - Hardwood, Open Floorplan
Dining Room
Lvl SecondFlooring - Hardwood
Kitchen
Lvl SecondFlooring - Hardwood, Balcony / Deck, Balcony - Exterior
Primary Bedroom
Lvl SecondFlooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondFlooring - Hardwood
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - With Tub & Shower
Bathroom 2
Lvl SecondBathroom - Half
Property History
$679,900
Was $685,000
Sep 26, 2026
MLS® 73559680
$685,000
Was $695,000
Sep 3, 2026
MLS® 73559680
$695,000
Aug 5, 2026
MLS® 73559680
Listing Agent: Kallie Moar
Listing Office: Citylight Realty
MLS® Number: 73559680
