3 Larch Avenue Salem — Photo 1 of 42
$924,900
Investment Analysis — 3 Larch Avenue
Salem, MA 01970 — Northwoods
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 2.08% cap rate and $19,253/yr in estimated NOI at the $924,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
2,067
Style
Single Family
Built
1960
Built in 1960 this single-family residence spanning 2067 square feet offers an inviting opportunity for sophisticated living. This property seamlessly blends classic charm with contemporary comfort, creating a truly special place to call home. The main level offers a large living room with gas fireplace, dining room , a family room off the well appointed kitchen, a bath with shower and tile floor with laundry room area.. There is also a relaxing screened in porch. With three inviting bedrooms, there is ample space for rest and rejuvenation. A second bathroom on the end level provides convenience and privacy. The property also includes an oversized one-car garage, offering secure parking and additional storage. There is a lower level finished room for office, play room or craft room .The generous 6499 square foot lot provides an outdoor space with mature plantings and an inviting deck to while a way the evening hours. Discover the possibilities and envision your future at this distinctive Salem address. Showings begin Sept 19 from 11 -12:30.
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: 900 sq ft (the lesser of 900 sq ft or half the 2,067 sq ft principal dwelling). Lot size: 6,499 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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Indoor Grill • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCathedral Ceiling(s), Flooring - Hardwood, Open Floorplan
Dining Room
Lvl FirstFlooring - Hardwood, Exterior Access
Kitchen
Lvl Main,FirstCountertops - Stone/Granite/Solid, Kitchen Island, Deck - Exterior, Stainless Steel Appliances, Wine Chiller
Family Room
Lvl FirstExterior Access, Open Floorplan
Primary Bedroom
Lvl SecondCloset, Flooring - Hardwood
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Hardwood
Bathroom 1
Lvl FirstBathroom - 3/4, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl SecondBathroom - 3/4, Flooring - Stone/Ceramic Tile
Listing Agent: Terryanne St. Pierre
Listing Office: MerryFox Realty
MLS® Number: 73577982