
412 Jefferson Avenue Salem — Photo 1 of 42
$597,900
Investment Analysis — 412 Jefferson 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 4.08% cap rate and $24,404/yr in estimated NOI at the $597,900 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
1.5
SqFt
1,730
Style
Single Family
Built
1930
Space, character and an incredible backyard come together at 412 Jefferson Ave! This inviting Colonial near Salem State and the Swampscott line offers generous rooms, beautiful hardwood floors, original moldings and plenty of space to gather and entertain. The kitchen features durable vinyl plank flooring, a bay window, gas range and refrigerator, while the dining room boasts white oak hardwood flooring and ample room for hosting family and friends. The spacious living room continues the home’s classic charm. A renovated laundry room adds everyday convenience, while the walk-up attic provides abundant storage and additional possibilities. The basement offers a suite of bonus room, providing even more flexible space. Step outside and discover a backyard made for summer! The large fenced yard features an above-ground pool, renovated composite deck and storage shed, creating a fantastic setting for cookouts, entertaining or simply relaxing at home. A detached 2-car garage and abundant off-street parking are standout features. Recent improvements include a new roof installed in August 2023, a 2026 composite deck renovation, renovated porch, newer front door, and new cement front steps. Enjoy a convenient location approximately 3/4 mile from Salem Hospital and close to public transportation, shopping, restaurants and Salem State. Explore nearby Forest River Park and Salem’s waterfront, beaches, parks, historic attractions and vibrant downtown filled with restaurants, shops and entertainment. With easy access to Swampscott and North Shore beaches, this home offers the space you want with the Salem lifestyle you’ll love! Open Houses Friday 9/25 4-6pm, Saturday 9/26 10-noon and Sunday 9/27 10-noon. Home has been pre-inspected for peace of mind!
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: 865 sq ft (the lesser of 900 sq ft or half the 1,730 sq ft principal dwelling). Lot size: 8,494 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
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First13 x 16
Dining Room
Lvl First14 x 13
Kitchen
Lvl First13 x 18
Primary Bedroom
Lvl Second10 x 12
Bedroom 2
Lvl Second11 x 11
Bedroom 3
Lvl Second11 x 11
Bedroom 4
Lvl Second10 x 12
Bathroom 1
Lvl First5 x 4
Bathroom - Half
Bathroom 2
Lvl Second8 x 5
Bathroom - Full
Listing Agent: Tami Mallett
Listing Office: Cameron Prestige - Amesbury
MLS® Number: 73581306

