
24 Locust St Salisbury — Photo 1 of 38
$695,000
Investment Analysis — 24 Locust St
Salisbury, MA 01952
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01952 carries an estimated $2,590/mo in gross rent — about a 2.49% cap rate and $17,312/yr in estimated NOI at the $695,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
3
SqFt
2,574
Style
Single Family
Built
2024
From the white picket fence to the gorgeous perennial gardens, 24 Locust Street is as pretty on the outside as it is on the inside. Much bigger than it looks, this Cape built in 2024 offers more than 2,500 square feet of living space across three levels with 2-3 bedrooms, 3 bathrooms and 3 zones for heating and cooling. On the main level, the front to back living room is bright and welcoming with wide plank hardwood floors and leads to an open concept kitchen and dining area with center island, quartz countertops, subway tile backsplash, stainless steel appliances and a pantry as beautiful as it is functional. A full bath with laundry and a large storage closet complete the main floor. Upstairs, two generous bedrooms share a full bathroom with custom tiled surround. The finished, walkout lower level features a 3rd full bathroom and almost 800 square feet of living space with flexibility to use as a 3rd bedroom, play room, gym, home office or guest suite. Outside, the fenced yard is perfect for kids and pets and a 10x12 shed is currently being used both for storage and as a ‘she shed’. Central air, a tankless hot water heater and low maintenance vinyl siding complete this fantastic home. Quintessential New England charm meets modern day living with an unbeatable location. Enjoy proximity to Salisbury’s beautiful sandy beaches, Newburyport’s vibrant dining, shopping and waterfront, Rail trail access, tax free shopping in Seabrook, NH and convenient access to major routes.
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 2,574 sq ft principal dwelling). Lot size: 25,378 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Tankless Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Walk/Jog Trails • Medical Facility • Highway Access
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First15.416666666 x 14.916666666
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First19.833333333 x 10.083333333
Flooring - Hardwood, Recessed Lighting
Kitchen
Lvl First15.25 x 12.25
Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant
Primary Bedroom
Lvl Second13 x 19.666666666
Closet, Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl Second13 x 19.583333333
Bathroom 1
Lvl FirstBathroom - 3/4, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup
Bathroom 2
Lvl Second8.166666666 x 5.833333333
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl Basement4.833333333 x 8.75
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Countertops - Stone/Granite/Solid
Listing Agent: Melissa Silva
Listing Office: RE/MAX Village Properties
MLS® Number: 73580657








