Back to Search
Active
102 Days on market
57 Buffum St #1 Salem — Photo 1 of 42

57 Buffum St #1 Salem — Photo 1 of 42

Recent Drop: $11,000

$610,000
$599,000

$599,000

Investment Analysis — 57 Buffum St #1

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 3.68% cap rate and $22,063/yr in estimated NOI at the $599,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,563

Style

Condominium

Built

1870

Newly renovated condo in North Salem! Step into absolute perfection—this functional, bi-level condo offers exceptional quality with no detail overlooked. From the moment you enter, you’ll be welcomed into a bright, open-concept living, dining, and kitchen area that’s perfect for entertaining or relaxing. Complete with hard wood floors new windows, roof and vinyl siding. The kitchen features granite countertops, stainless steel appliances, and a seamless flow into the main living space. Two spacious bedrooms and a full bath are also located on the main level, creating a versatile layout for any lifestyle. The lower level boasts a primary bedroom with en suite bathroom designed with comfortability and elegance in mind. An additional living space on the lower level provides flexibility for the new owner. Situated in a prime location, close to Salems vibrant downtown, offering access to the Commuter Rail, schools, shopping, restaurants and beaches and marinas!

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$624,900
Annual Taxes$6,027

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile, Vinyl, Carpet, Laminate, Hardwood, Particle Board, Wood Laminate, Engineered Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Heat Pump, Natural Gas, Electric, Unit Control, Ductless
CoolingCentral Air, Heat Pump, Ductless
WaterPublic, Individual Meter
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres0.11
SqFt Lot4,901
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Bathroom 1
Basement
Family RoomPrimary BedroomBathroom 2
Main,First
Living RoomKitchenBedroom 2Bedroom 3
Living Room
Lvl Main,First

14 x 19

Flooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting

Kitchen
Lvl Main,First

17 x 10

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances

Family Room
Lvl Basement

10 x 19

Closet, Flooring - Vinyl

Primary Bedroom
Lvl Basement

19 x 12

Bathroom - 3/4, Closet, Flooring - Vinyl

Bedroom 2
Lvl Main,First

14 x 13

Bedroom 3
Lvl Main,First

10 x 10

Closet, Flooring - Hardwood

Bathroom 1
Lvl First

8 x 6

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Basement

7 x 8

Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Property History

Price Drop
$599,000

Was $610,000

Sep 30, 2026

MLS® 73542057

Price Drop
$610,000

Was $624,900

Aug 21, 2026

MLS® 73542057

Listed
$624,900

Jun 25, 2026

MLS® 73542057

Expired
$639,000

Oct 15, 2025

MLS® 73358483

Sold
$4,250

Jun 20, 2025

MLS® 73384844

Listed
$4,000

Jun 3, 2025

MLS® 73384844

Listed
$639,000

Apr 10, 2025

MLS® 73358483

Listing Provided By

Listing Agent: Waypoint Realty Group

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73542057