39 Salem Street Salem — Photo 1 of 17
$995,000
Investment Analysis — 39 Salem Street
Salem, MA 01970
Based on rent reported on the MLS listing, a 3-unit multi-family in 01970 carries $7,668/mo in gross rent — about a 6.21% cap rate and $61,793/yr in estimated NOI at the $995,000 list price. Adjust every assumption in the calculator below.
Beds
9
Baths
3
SqFt
3,391
Style
3 Family
Built
1915
39 Salem Street contains three, renovated (3) 3-Bedroom/1-Bathroom units with 3,391 square feet of gross living area in 5,521 square feet of gross area. The Property is situated upon a 0.07-acre parcel and features eight (8) off-street parking spaces via four (4) tandem pairs. 39 Salem Street is well-positioned in Salem, offering strong access to the city’s historic downtown, neighborhood retail corridors, and surrounding residential neighborhoods. Situated in “The Point” neighborhood of Salem, 39 Salem Street offers residents proximity to Palmer Cove to the south, as well as being walking distance from attractions such as the Salem Harbor Walk, Peabody Essex Museum, Salem Witch Museum, and Salem Common. Tenants are responsible for electric baseboard heating, electric powered hot water, and separately metered electricity. The Landlord is responsible for providing city water & sewer.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Property History
$995,000
Sep 22, 2026
MLS® 73581012
$2,750
Aug 31, 2026
MLS® 73570216
Listing Agent: Stephen Girolamo
Listing Office: Horvath & Tremblay
MLS® Number: 73581012
