
49 Federal St #4 Salem — Photo 1 of 23
$619,000
Investment Analysis — 49 Federal St #4
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 2.58% cap rate and $15,963/yr in estimated NOI at the $619,000 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2.5
SqFt
877
Style
Condominium
Built
1800
Step into history, reimagined for modern living. This beautifully renovated Victorian-era condo blends old-world character with brand-new everything, including wide-plank pine flooring, a fully gut-renovated kitchen with all-new appliances, and two en-suite bathrooms, one for each bedroom. Completed in 2022, the complete renovation gives you all the charm of a historic Salem building with none of the guesswork. Oversized windows flood the unit with light, and, a rare find for a building this age, Unit 4 has separate climate control for each floor plus central air conditioning. The location doesn't get more central: directly across from Salem's historic courthouse and moments from the city's best restaurants and nightlife. Salem's shops, museums, and waterfront are all close by, and the MBTA Salem train station is just around the corner, putting Boston within easy reach. Historic charm, modern finishes, and an unbeatable location: Unit 4 at 49 Federal St checks every box.
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 MLS and other third-party data may be inaccurate or out of date.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
Dishwasher • Disposal • Microwave • Refrigerator • Freezer • ENERGY STAR Qualified Dishwasher • Washer/Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Wood, Balcony / Deck, Recessed Lighting, Lighting - Overhead
Kitchen
Lvl Main,FirstBathroom - Half, Flooring - Wood, Recessed Lighting, Lighting - Overhead
Primary Bedroom
Lvl SecondBathroom - 3/4, Beamed Ceilings, Vaulted Ceiling(s), Closet, Flooring - Wood, Lighting - Overhead
Bedroom 2
Lvl SecondBathroom 1
Lvl FirstBathroom - Half, Washer Hookup
Bathroom 2
Lvl SecondBathroom - 3/4
Bathroom 3
Lvl SecondBathroom - Full
Listing Agent: Charlotte Luber
Listing Office: Compass
MLS® Number: 73577576