Investment Analysis — 24 Norman St #301

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01970 carries an estimated $2,160/mo in gross rent — about a 3.34% cap rate and $12,187/yr in estimated NOI at the $364,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

672

Style

Condominium

Built

1980

It’s Halloween in Salem and your loft awaits! This rare top-floor cozy (read: small) corner residence combines dramatic old-world character, abundant natural light, and sweeping southern views over the rooftops of the city. Soaring 14-foot windows create an airy, open feel, while exposed brick, original beams, and a warm industrial-art aesthetic give the space a personality all its own. Step outside and downtown Salem is at your doorstep: coffee shops, restaurants, boutiques, museums, nightlife, and the commuter rail to Boston—just 21 minutes on the express. An off-street parking pass at nearby Riley Plaza adds convenience. Condo-buying advice: top floor matters. No wondering who is walking overhead at 5 a.m. in heels or playing marbles at 1 a.m. Here, you’re already on top.

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 MLS and other third-party data may be inaccurate or out of date.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