4 Waite St Salem — Photo 1 of 42
Recent Drop: $40,000
$499,900
Investment Analysis — 4 Waite St
Salem, MA 01970
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 3.70% cap rate and $18,501/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,152
Style
Single Family
Built
1900
Discover coastal charm and modern convenience in this classic 1900 single-family home, nestled less than a mile from the vibrant waters of Salem Harbor, between Bridge Street Neck and Collins Cove. This cozy home offers a blend of historic character and seaside living. Recent upgrades to some areas include fresh paint, wallpaper, ceilings, roof and windows. Other renovations include refinished hardwood floors in the living room and primary bedroom. Step outside to relax on the freshly painted wood deck, the perfect spot for entertaining or unwinding with a coastal breeze. The property also includes a bonus shed equipped with electricity—a ready-to-use space ideal for a workshop, studio, or extra storage. Situated just minutes from Salem’s rich maritime history, iconic downtown and many delicious eateries...This home is your gateway to the best of the North Shore. Don't miss this opportunity to embrace all that Salem has to offer!
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: 576 sq ft (the lesser of 900 sq ft or half the 1,152 sq ft principal dwelling). Lot size: 2,465 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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Range Hood
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstCeiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup, Lighting - Overhead
Dining Room
Lvl FirstCeiling Fan(s), Flooring - Vinyl, Cable Hookup, Lighting - Overhead
Kitchen
Lvl FirstFlooring - Vinyl, Stainless Steel Appliances, Gas Stove, Lighting - Overhead
Primary Bedroom
Lvl SecondCeiling Fan(s), Closet, Flooring - Hardwood
Bedroom 2
Lvl SecondBathroom 1
Lvl nullBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Property History
$499,900
Was $539,900
Jul 13, 2026
MLS® 73532991
$539,900
Jun 9, 2026
MLS® 73532991
Listing Agent: Debbie Beal
Listing Office: Lamacchia Realty, Inc.
MLS® Number: 73532991