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5 Mooney Avenue Salem — Photo 1 of 41

$640,000

Investment Analysis — 5 Mooney Avenue

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01970 carries an estimated $3,080/mo in gross rent — about a 3.38% cap rate and $21,628/yr in estimated NOI at the $640,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

1,542

Style

Single Family

Built

1930

Charming Colonial home in a fabulous North Salem location! This cheery residence boasts a lovely front entry with sunroom which leads to a spacious living/dining area awash in natural light from multiple picture windows. The versatile open concept floor plan offers beautiful hardwood floors throughout, high ceilings and quaint period detail. There is a large eat-in kitchen with a laundry room conveniently located nearby as well as a mud room which is accessible from a second side entrance. The upstairs offers three ample bedrooms, a large tiled bath and a walk up attic. The partially finished full walk out basement offers a cozy office area and plenty of space for storage, a home gym or room to grow. The back yard is level and hosts a patio area as well as a detached one car garage. Perfectly situated on a quiet cul-de-sac road with mature plantings near the historic downtown area, Mack Park, the Salem Commuter Rail/MBTA, Salem/Peabody line and Routes 1/95 and 128. A complete gem of a home!

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: 771 sq ft (the lesser of 900 sq ft or half the 1,542 sq ft principal dwelling). Lot size: 4,792 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.