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142 Bridge St #2 Salem — Photo 1 of 39

142 Bridge St #2 Salem — Photo 1 of 39

$729,000

Investment Analysis — 142 Bridge St #2

Salem, MA 01970 — McIntire Historic District

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 2.69% cap rate and $19,601/yr in estimated NOI at the $729,000 list price. Adjust every assumption in the calculator below.

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Beds

3

Baths

2.5

SqFt

2,207

Style

Condominium

Built

2009

Tucked privately behind neighboring buildings, this spacious three-level townhome offers a surprisingly peaceful setting in an exceptionally convenient Salem location. With 2,207 square feet of living space, this 7 room, 3 bedroom, 2.5-bath home features beautifully proportioned rooms and a bright, open-concept main level with gas fireplace. The well-appointed kitchen features crisp white cabinetry, rich granite countertops and stainless steel appliances, with counter seating for three overlooking the dining area. Beautiful hardwood floors flow throughout, adding warmth and continuity to the home’s open, inviting spaces.The generously sized primary suite offers a huge walk-in closet and stunning bath with double vanity and Jacuzzi tub. A delightful third-floor bedroom is filled with natural light from skylights and features soaring ceilings, a three-quarter bath and its own oversized walk-in closet—an ideal private retreat, guest suite or home office. The finished lower-level family room adds 368 square feet of flexible living space. Gas heat, central air, low condo fee and two deeded parking spaces add to the ease of ownership. Outside, enjoy a sweet private yard with stone patio and mature plantings. Leave the car at home and walk to the commuter rail, Salem Common, Collins Cove and waterfront, with downtown Salem’s restaurants, shops and attractions just beyond. Built in 2009, this is an uncommon combination of space, privacy, parking and accessibility in the heart of Salem.

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.

Open Houses

Property Details

Financials

Original Price$729,000
Annual Taxes$6,689
HOA Fee$150

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres0.12
SqFt Lot5,375
Lot Features--

Amenities & Appliances

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

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3Bathroom 3
Second
Primary BedroomBedroom 2Bathroom 2
First
Bathroom 1
Basement
Family Room
Main,First
Living RoomDining RoomKitchen
Living Room
Lvl Main,First

Flooring - Hardwood, Open Floorplan, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

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

Kitchen
Lvl Main,First

Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Overhead

Family Room
Lvl Basement

Walk-In Closet(s), Flooring - Wall to Wall Carpet, Cable Hookup, Exterior Access, Recessed Lighting, Remodeled

Primary Bedroom
Lvl Second

Bathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Bedroom 2
Lvl Second
Bedroom 3
Lvl Third

Bathroom - 3/4, Skylight, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Remodeled

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Hardwood, Pedestal Sink

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Wainscoting

Bathroom 3
Lvl Third

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

Listing Provided By

Listing Agent: Kate Richard

Listing Office: J. Barrett & Company

MLS® Number: 73577866