Back to Search
Active
11 Days on market
18 Indian Hill Lane #18 Salem — Photo 1 of 31

18 Indian Hill Lane #18 Salem — Photo 1 of 31

$580,000

Investment Analysis — 18 Indian Hill Lane #18

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 2.08% cap rate and $12,075/yr in estimated NOI at the $580,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2.5

SqFt

2,219

Style

Condominium

Built

1986

Presenting a distinguished townhouse residence at 18 Indian Hill Lane, a property originally constructed in 1986. Encompassing 2219 square feet of meticulously designed living space spread over 3 amply spacious floors. Open space layout with updated appliances, newer central air setup, replacement windows, updated electrical, hardwood floors in main living area, updated vanities in the bathrooms, finished hardwood kitchen cabinets with plenty of closet space as well. There is an abundance of closets throughout the townhouse including a walk-in closet in the master and guest bedrooms. This residence includes a dedicated garage space and driveway space as well as plus plenty of spots available for guests conveniently located right next to the townhouse. Providing easy and secure parking. We invite you to discover the refined potential of this exceptional townhouse.

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 MLS and other third-party data may be inaccurate or out of date.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

Property Details

Financials

Original Price$580,000
Annual Taxes$5,836
HOA Fee$453

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms5
Fireplaces1
FlooringWood, Carpet, Hardwood
BasementN

Climate & Utilities

HeatingCentral
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
Zoningcondo

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • Range Hood

Neighborhood

Pool

Geography

Listing Provided By

Listing Agent: Timothy Fahy

Listing Office: ERA Millennium

MLS® Number: 73582380