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17 Sutton Ave Salem — Photo 1 of 42

$995,000

Investment Analysis — 17 Sutton Ave

Salem, MA 01970 — Salem Willows

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01970 carries an estimated $3,390/mo in gross rent — about a 2.16% cap rate and $21,538/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,766

Style

Single Family

Built

1910

Welcome to the Salem Willows, where seaside living, spectacular gardens and a truly distinctive home come together. Offering 2,766 SF of finished living space, this 4-bedroom, 3-bath home has wonderful room to gather, entertain and simply settle in. The light-filled first floor unfolds with a spacious living room warmed by a wood stove, formal dining room with skylights, comfortable family room, kitchen and full bath with jacuzzi tub and laundry. Upstairs are four bedrooms and two additional baths, including a spacious primary bedroom with beamed cathedral ceiling and skylights. But keep going! Tucked at the top of the house, the third-floor tower room is an unexpected gem, with views across Juniper Cove to Marblehead beyond. It’s an irresistible spot for a home office, reading room or peaceful retreat. Outside, lush, established gardens envelop the property, creating a private oasis for morning coffee, summer gatherings and enjoying the changing seasons, with a garden shed tucked naturally into the landscape. Thoughtful updates include: new roof and 28 owned solar panels (2023), seven mini-splits for heat and A/C and exterior paint (2024), and a freshly painted interior (2026). Spacious, inviting and wonderfully unique, this is a home with a sense of place - all in the special seaside setting of the Salem Willows.

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: 900 sq ft (the lesser of 900 sq ft or half the 2,766 sq ft principal dwelling). Lot size: 6,752 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.