21 West Avenue Salem — Photo 1 of 42
$599,999
Investment Analysis — 21 West Avenue
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01970 carries an estimated $3,390/mo in gross rent — about a 4.19% cap rate and $25,127/yr in estimated NOI at the $599,999 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
1,748
Style
Single Family
Built
1898
Charming Victorian tastefully refreshed! Recently renovated 4 bed and 2 full baths. Fresh white oak flooring, updated kitchen, lighting and bathroom. Spacious foyer with fireplace. Good Morning staircase. 1st floor laundry (with additional hookups in basement). Traditional but spacious living (w/ additional fireplace) and dining areas with classic columns and moldings. Driveway Parking for two vehicles tandem, and a large basement for storage or future finishing! Walk to Salem State University, Forest River Park and Pioneer Village. Landscaped, Beacon Hill yard w/ perennial beds and quaint back porch. Quiet Salem living close to downtown! Open House Saturday 11-1pm & Sunday 10-12pm
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: 874 sq ft (the lesser of 900 sq ft or half the 1,748 sq ft principal dwelling). Lot size: 2,614 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 MLS and other third-party data may be inaccurate or out of date.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
Gas Water Heater • Range • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Highway Access • Public School • University
Geography
Property History
$599,999
Sep 17, 2026
MLS® 73579353
$649,000
Aug 31, 2026
MLS® 73547424
$649,000
Jul 9, 2026
MLS® 73547424
Listing Agent: Nicholas Dicesare
Listing Office: Broad Sound Real Estate, LLC
MLS® Number: 73579353
