Investment Analysis — 254 Lafayette St #2F

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 2.39% cap rate and $13,143/yr in estimated NOI at the $549,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,241

Style

Condominium

Built

1880

PRICE IMPROVEMENT! This charming and open floor plan condo unit is conveniently located minutes from the heart of downtown Salem. Sunny and well-maintained 2 generously-sized bedrooms in a Queen Anne Style Victorian home featuring details inside and out. Hardwood floors, high ceilings, gas fireplace, SS appliances, and period windows with one being stained glass. There is in-unit laundry, gas heat and range, basement storage shared yard, and deeded parking for two cars. Commuting is a breeze with easy access to the Salem Commuter Rail station and the Ferry, connecting you directly to downtown Boston. Salem is a vibrant city with many local shops, gourmet restaurants, parks, and history! This association is also pet friendly.

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 MLS and other third-party data may be inaccurate or out of date.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