
405 Salem Street Wilmington — Photo 1 of 42
$849,900
Investment Analysis — 405 Salem Street
Wilmington, MA 01887
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01887 carries an estimated $4,170/mo in gross rent — about a 3.46% cap rate and $29,398/yr in estimated NOI at the $849,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,809
Style
Single Family
Built
1983
Tastefully Expanded with Substantial Exterior Updates 2025 ~ This 59’ Split Entry is set on a pretty half-acre+ lot on a Tree Lined SIDE Street with “old style stone fences” for a country road feel. Indoor and outdoor living spaces are designed for everyday enjoyment and entertaining. The impressive living room addition features soaring cathedral ceilings, recessed lighting, ceiling fans and direct access to a new 30' top-of-the-line AZEK TimberTech composite deck. A well-chosen collection of 2025 Exterior Improvements includes quality CertainTeed vinyl siding with sleek black gutters, CertainTeed architectural shingle roof, pretty front door, front stairs, rails and exterior lighting, creating a fresh and inviting first impression. Inside, the open-concept maple kitchen features a peninsula and dining area that flows seamlessly into an entertainment-sized formal dining area. Wood flooring thru most first floor. Three bedrooms and two full baths are complemented by versatile lower-level living spaces, including a sprawling fireplaced family room, exercise room and flexible space ideal for a FOURTH bedroom, home office or guest area. Step outside to a well-designed Hardscape ~ patio area complete with built-in firepit, grill and dining area ideal for gatherings. Central air, 200 Amp Electrical, fenced backyard, oversized shed and ample parking, including additional parking within the fenced area ~ nice for contractors or a large family … and all their cars! Conveniently located with easy access to Route 93 and the North Wilmington train station.
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 2,809 sq ft principal dwelling). Lot size: 27,007 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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Walk/Jog Trails • Medical Facility • Highway Access • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First25 x 14
Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting
Dining Room
Lvl First15 x 13
Flooring - Wood, Window(s) - Picture
Kitchen
Lvl First21 x 11
Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area, Breakfast Bar / Nook, Exterior Access, Recessed Lighting
Office
Lvl Basement14 x 12
Lighting - Overhead
Family Room
Lvl Basement18 x 18
Recessed Lighting, Lighting - Overhead
Primary Bedroom
Lvl First13 x 11
Ceiling Fan(s), Flooring - Wood
Bedroom 2
Lvl First13 x 9
Bedroom 3
Lvl First9 x 9
Flooring - Wood
Bathroom 1
Lvl FirstBathroom - Tiled With Tub & Shower, Double Vanity
Bathroom 2
Lvl BasementBathroom - 3/4, Bathroom - Tiled With Shower Stall
Listing Agent: Lisa Pijoan
Listing Office: RE/MAX Encore
MLS® Number: 73582090
