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181 North St #213 Salem — Photo 1 of 29

181 North St #213 Salem — Photo 1 of 29

$650,000

Investment Analysis — 181 North St #213

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 2.65% cap rate and $17,256/yr in estimated NOI at the $650,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2.5

SqFt

1,794

Style

Condominium

Built

1893

Welcome to this spacious and character-filled 3-bedroom, 2.5-bath condo offering nearly 1,800 sq. ft. of living space across two levels. The main level features a beautiful open-concept kitchen and living area filled with tons of natural light, highlighted by exposed brick, high ceilings, hardwood floors, and attractive crown molding. The kitchen is perfect for both everyday living and entertaining, offering stone countertops, stainless steel appliances, ample cabinetry, and a large center island that creates a natural gathering space while flowing seamlessly into the expansive living room.Upstairs, the spacious primary bedroom continues the open and airy feel with high ceilings, generous proportions, custom closet space, and a private full bath. The two additional bedrooms each feature beautiful skylights that bring in abundant natural light and add even more architectural character. A second full bath and convenient in-unit laundry complete the upper level.Additional highlights include central air, extra storage, and two deeded off-street parking spaces—a major convenience in Salem. Ideally located close to historic downtown Salem, the home offers easy access to the city’s restaurants, shops, waterfront, commuter rail, parks, and countless local attractions while still providing a spacious and comfortable place to call home.

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$650,000
Annual Taxes$6,059
HOA Fee$397.92

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Carpet, Hardwood, Flooring - Hardwood
BasementN

Climate & Utilities

HeatingCentral, Electric, Individual
CoolingCentral Air, Individual
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofShingle
Foundation--
ZoningR2

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
Primary BedroomBedroom 2Bedroom 3Bathroom 2Bathroom 3
First
Living RoomKitchen
Main,First
Bathroom 1
Living Room
Lvl First

20 x 26

Flooring - Hardwood, Open Floorplan, Lighting - Overhead, Crown Molding

Kitchen
Lvl First

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Lighting - Overhead, Crown Molding

Primary Bedroom
Lvl Second

16 x 14

Bathroom - Full, Closet, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Lighting - Overhead, Decorative Molding

Bedroom 2
Lvl Second

12 x 10

Bedroom 3
Lvl Second

11 x 10

Skylight, Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl Main,First

8 x 5

Bathroom - Half, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

7 x 7

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl Second

9 x 7.083333333

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Daniel Meegan

Listing Office: J. Barrett & Company

MLS® Number: 73583969