Investment Analysis — 18 Balcomb St #B

Salem, MA 01970

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 2.67% cap rate and $21,329/yr in estimated NOI at the $799,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

2,155

Style

Condominium

Built

1875

LIVES LIKE A SINGLE FAMILY HOME! This completely renovated 4-bedroom, 3-full-bath residence offers over 2,155 SF, a private fenced yard and its own separate driveway with two off-street parking spaces, plus a private basement offering an abundance of additional storage. Nearly everything is NEW! New roof, electrical, plumbing, HVAC with gas heat and central A/C, interior and exterior paint, kitchen, bathrooms, flooring and more. Every major system has been upgraded, offering the character and scale of an 1875 Victorian without the projects of an older home. Inside, soaring ceilings, abundant natural light and rich hardwood flooring complement a brand-new kitchen, three beautifully finished full baths and a flexible 4 bedroom layout with space for a home office, guests or multigenerational living. Unlike a traditional condo, each residence has its own fenced outdoor space and separate driveway and private basement storage allowing it to live independently like a single-family home. The association will share only the building’s master insurance policy, keeping shared HOA expenses limited. An exceptional opportunity for buyers seeking the space, privacy and independence of a single-family home with everything already done. Ideal North Salem location just 1 mile from downtown Salem and the MBTA.

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 MLS and other third-party data may be inaccurate or out of date.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