16 Leavitt Street #3 Salem — Photo 1 of 28
Recent Drop: $46,000
$379,000
Investment Analysis — 16 Leavitt Street #3
Salem, MA 01970 — South Salem
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 5.06% cap rate and $19,187/yr in estimated NOI at the $379,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
972
Style
Condominium
Built
1930
This beautiful, warm, updated condo in historic Salem is ready to move in! Located on the third floor, this unit offers 3 bedrooms, 1 full bath, living space filled with natural light, charm and character. High ceilings, stunning hardwood floors, custom cabinets, bean board - wainscoting woodwork throughout the condo, creating inviting atmosphere. Open-concept flow into updated kitchen with quartz countertop, butcher block island, pantry with custom built ins and dining room combination that seamlessly flow into living room. Just beyond the living area is a versatile third bedroom that could also be used as a family room, offering flexible living space to fit your needs. Additional highlights includes in unit laundry, condo fee INCLUDES HEAT and HOT WATER and private balcony deck. Conveniently located near Salem State University, downtown Salem, Pickering Wharf, Salem Station and Salem Willow, this condo offers both comfort and convenience. GREAT OPPORTUNITY FOR AN INVESTOR OR EMPLOYEES WHO WORKS AT SALEM STATE UNIVERSITY!
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 MLS and other third-party data may be inaccurate or out of date.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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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Medical Facility • Highway Access • House of Worship • Public School
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First6.916666666 x 11.25
Flooring - Hardwood, Window(s) - Picture, Lighting - Pendant
Dining Room
Lvl First12.5 x 10.083333333
Ceiling Fan(s), Flooring - Hardwood
Kitchen
Lvl First14.75 x 13.25
Pantry, Countertops - Upgraded, Kitchen Island, Dryer Hookup - Electric, Wainscoting, Washer Hookup, Lighting - Pendant, Beadboard
Primary Bedroom
Lvl First14.75 x 93
Closet, Flooring - Hardwood, Lighting - Pendant
Bedroom 2
Lvl First10.833333333 x 5.166666666
Bedroom 3
Lvl First11.5 x 11.333333333
Closet, Flooring - Hardwood, Lighting - Pendant
Bathroom 1
Lvl First10.833333333 x 5.166666666
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Overhead
Property History
$379,000
Was $399,900
Sep 17, 2026
MLS® 73526015
$399,900
Was $425,000
Jun 25, 2026
MLS® 73526015
$425,000
May 28, 2026
MLS® 73526015
Listing Agent: Jill Michaud
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73526015
