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15 First St #A2 Salem — Photo 1 of 40

15 First St #A2 Salem — Photo 1 of 40

$495,900

Investment Analysis — 15 First St #A2

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 2.57% cap rate and $12,747/yr in estimated NOI at the $495,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,419

Style

Condominium

Built

1986

Welcome to this spacious and beautifully updated end-unit condo offering an impressive blend of comfort, privacy, and nature. Soaring vaulted ceilings create an open, airy feel throughout, while two generously sized bedrooms and two full baths, including a private en-suite, provide a functional and inviting layout. The kitchen features updated stainless steel appliances, and in-unit laundry adds everyday convenience. What truly sets this home apart is its peaceful setting directly abutting Salem Woods Highland Park—129 acres of trails that provide a peaceful retreat right outside your door. Step onto your private balcony overlooking the forest and enjoy morning coffee, evening sunsets, or simply the sounds of nature. A spacious detached two-car garage provides plenty of room for parking and additional storage. Enjoy a tucked-away setting surrounded by nature while still being conveniently located near shopping, dining, major routes, and all that Salem has to offer.

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 MLS and other third-party data may be inaccurate or out of date.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

Open Houses

Property Details

Financials

Original Price$495,900
Annual Taxes$5,140
HOA Fee$455

Parking

Garage2
Off-Street3

Interior Specifications

Total Rooms4
FireplacesNone
FlooringHardwood
BasementN

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningR3

Property & Lot

Acres--
SqFt Lot--
Lot Features--

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

Second
Dining RoomBathroom 1
Main,Second
Living RoomKitchenPrimary BedroomBedroom 2
Unknown
Bathroom 2
Living Room
Lvl Main,Second

24 x 19

Vaulted Ceiling(s), Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Lighting - Overhead

Dining Room
Lvl Second

15 x 10

Flooring - Hardwood

Kitchen
Lvl Main,Second

10 x 8

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances, Gas Stove

Primary Bedroom
Lvl Main,Second

17 x 13

Bathroom - Full, Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Attic Access, Exterior Access, Recessed Lighting, Slider, Lighting - Overhead

Bedroom 2
Lvl Main,Second

16 x 12

Bathroom 1
Lvl Second

5 x 5

Bathroom - Full

Bathroom 2
Lvl null

7 x 10

Bathroom - Full

Listing Provided By

Listing Agent: Gian Paul Sanseverino

Listing Office: Coldwell Banker Realty - Lexington

MLS® Number: 73583649