
65 Washington Street #411 Salem — Photo 1 of 39
$830,000
Investment Analysis — 65 Washington Street #411
Salem, MA 01970 — Downtown
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 0.71% cap rate and $5,915/yr in estimated NOI at the $830,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,356
Style
Condominium
Built
2021
Welcome to BRIX. This beautifully designed 2-bedroom, 2-bath residence offers 1,356 square feet of thoughtfully designed living space, exceptional natural light and an enviable downtown Salem location with indoor heated parking, close to the commuter rail train to Boston.The open-concept floor plan is ideal for both everyday living and entertaining, with high ceilings, oversized windows and a desirable south/southwest exposure that fills the home with afternoon and evening light. Enjoy expansive city views from the living spaces or step outside to your private balcony—the perfect spot for morning coffee, an evening glass of wine or taking in the energy of downtown Salem.The contemporary kitchen features sleek cabinetry, quartz countertops and stainless-steel appliances and flows seamlessly into the spacious living and dining areas. The generous primary suite offers a walk-in closet and well-appointed en-suite bath, while the second bedroom and full bath provide flexibility for guests, a home office or additional living space. Additional features include hardwood flooring, central air conditioning, in-unit laundry and ample storage.Two tandem indoor heated garage parking spaces provide exceptional convenience. BRIX residents also enjoy an impressive collection of amenities, including elevator service, a state-of-the-art fitness center, resident clubroom, secure package/mailroom, and outdoor terrace with grilling and gathering areas.Ideally situated in the heart of downtown Salem, BRIX puts restaurants, cafés, boutique shopping, galleries, museums, entertainment and the waterfront just outside your door. The MBTA Commuter Rail station is nearby, offering easy access to Boston while keeping you connected to the North Shore.With its generous floor plan, two garage spaces, private balcony, city views and prime south/southwest exposure, Unit 411 offers a rare opportunity to enjoy elevated, low-maintenance living in one of Salem's most desirable condominium communities.
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
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Fourth FloorKitchen
Lvl Fourth FloorPrimary Bedroom
Lvl Fourth FloorBedroom 2
Lvl Fourth FloorBathroom 1
Lvl Fourth FloorBathroom - Full
Bathroom 2
Lvl Fourth FloorBathroom - Full
Listing Agent: Merry Fox Team
Listing Office: MerryFox Realty
MLS® Number: 73580457








