
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.
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.
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting, Remodeled
Dining Room
Lvl Main,FirstFlooring - Hardwood, Exterior Access, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Pendant
Kitchen
Lvl Main,FirstFlooring - 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 BasementWalk-In Closet(s), Flooring - Wall to Wall Carpet, Cable Hookup, Exterior Access, Recessed Lighting, Remodeled
Primary Bedroom
Lvl SecondBathroom - Double Vanity/Sink, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl ThirdBathroom - 3/4, Skylight, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting, Remodeled
Bathroom 1
Lvl FirstBathroom - Half, Flooring - Hardwood, Pedestal Sink
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Jacuzzi / Whirlpool Soaking Tub, Wainscoting
Bathroom 3
Lvl ThirdBathroom - 3/4, Bathroom - Tiled With Shower Stall, Skylight, Flooring - Stone/Ceramic Tile
Listing Agent: Kate Richard
Listing Office: J. Barrett & Company
MLS® Number: 73577866