137 North St #3 Salem — Photo 1 of 21
Recent Drop: $30,000
$399,000
Investment Analysis — 137 North St #3
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 4.19% cap rate and $16,710/yr in estimated NOI at the $399,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,003
Style
Condominium
Built
1890
Enjoy spacious and updated living in the heart of Salem! This beautiful 2-bedroom, 1-bath condo offers the perfect blend of comfort and convenience. Featuring a bright, open layout with modern finishes, plenty of natural light, and ample living space, the home is designed for easy everyday living. The updated kitchen makes cooking a breeze, while in-building laundry adds added convenience. Additional highlights include two off-street parking spots, a rare find in Salem, and a prime location with easy access to downtown Salem’s shops, dining, waterfront, and public transportation. A great opportunity to enjoy modern living with excellent amenities in a convenient location.
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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Third24 x 19
Skylight, Flooring - Hardwood, Lighting - Overhead
Kitchen
Lvl Third17 x 17
Skylight, Flooring - Hardwood, Recessed Lighting, Stainless Steel Appliances, Peninsula, Lighting - Pendant
Primary Bedroom
Lvl Third12 x 11
Closet, Flooring - Hardwood, Lighting - Overhead
Bedroom 2
Lvl Third12 x 10
Bathroom 1
Lvl Third10 x 6
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce
Property History
$399,000
Was $429,000
Aug 26, 2026
MLS® 73517694
$429,000
Was $449,000
Jul 2, 2026
MLS® 73517694
$2,500
Jun 15, 2026
MLS® 73536255
$449,000
Was $469,000
May 26, 2026
MLS® 73517694
$469,000
May 13, 2026
MLS® 73517694
$3,000
Sep 22, 2025
MLS® 73430236
$3,000
Sep 12, 2025
MLS® 73430236
Listing Agent: Team Lillian Montalto
Listing Office: Lillian Montalto Signature Properties
MLS® Number: 73517694
