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24 Locust St Salisbury — Photo 1 of 38

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.

View Standard Listing

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

Original Price$695,000
Annual Taxes$6,309

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms5
FireplacesNone
FlooringTile, Hardwood, Flooring - Vinyl
BasementFull, Finished, Walk-Out Access

Climate & Utilities

HeatingForced Air, Propane
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.58
SqFt Lot25,378
Lot Features--

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

Second
Primary BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Basement
Bathroom 3
Living Room
Lvl First

15.416666666 x 14.916666666

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl First

19.833333333 x 10.083333333

Flooring - Hardwood, Recessed Lighting

Kitchen
Lvl First

15.25 x 12.25

Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Lighting - Pendant

Primary Bedroom
Lvl Second

13 x 19.666666666

Closet, Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second

13 x 19.583333333

Bathroom 1
Lvl First

Bathroom - 3/4, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl Second

8.166666666 x 5.833333333

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 3
Lvl Basement

4.833333333 x 8.75

Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: Melissa Silva

Listing Office: RE/MAX Village Properties

MLS® Number: 73580657