33 Walter St Salem — Photo 1 of 19
$399,900
Investment Analysis — 33 Walter St
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 01970 carries an estimated $5,640/mo in gross rent — about a 11.38% cap rate and $45,489/yr in estimated NOI at the $399,900 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2
SqFt
2,123
Style
Multi Family
Built
1800
Bring your vision and tools to 33 Walter Street! Nestled in a highly desirable Salem neighborhood, this classic 1800s multi-family home features 2 distinct units, offering a total of 5 bedrooms and 2 bathrooms across over 2,100 square feet of living space. The property sits on a fantastic, spacious 8,712-square-foot lot with plenty of outdoor potential.This property is in need of a complete top-to-bottom rehabilitation and is being sold strictly AS-IS. Whether you choose to bring this historic multi-family back to its former glory or reimagine the space entirely, the potential return on investment in this market is undeniable.Perfect for seasoned contractors, flippers, or portfolio builders looking for their next major project. Due to the condition of the home, this is a CASH-ONLY sale.
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 MLS and other third-party data may be inaccurate or out of date.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
Geography
Listing Agent: James Bourque
Listing Office: Diamond Key Real Estate
MLS® Number: 73578801
