
7 Crombie St #10 Salem — Photo 1 of 27
$469,900
Investment Analysis — 7 Crombie St #10
Salem, MA 01970
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 01970 carries an estimated $2,160/mo in gross rent — about a 2.58% cap rate and $12,126/yr in estimated NOI at the $469,900 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
686
Style
Condominium
Built
1828
Brimming with historic character, yet updated for modern life, this chic condo in the heart of downtown Salem combines the best of both worlds! Originally built in 1828 as a theater, then later used as a church, this building features a beautiful brick exterior, slate roof, and elegant interior woodwork. Unit 10 provides two levels of flexible living space, including soaring ceilings, stunning woodwork that was formerly part of the church altar, and natural light that streams in from the skylights above. Perfect for entertaining, the brand new kitchen features dramatic burgundy cabinets, stainless steel appliances, and bold quartz countertops and backsplash. Adjacent to the kitchen, you'll find a cozy bedroom with a custom built-in wardrobe and ensuite bathroom inspired by a chic hotel. Upstairs is a bright and airy living space with additional storage. There's even a private balcony that offers a peaceful oasis from the hustle and bustle of downtown Salem. Centrally located in Salem's vibrant downtown, the unit is in close proximity to the MBTA Commuter Rail Station to Boston or instead, stay in Salem and enjoy a variety of restaurants, trendy shops, a world class museum, tranquil waterfront and many other amenities Salem has to offer.
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 MLS and other third-party data may be inaccurate or out of date.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
Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer • Plumbed For Ice Maker
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Golf • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second17 x 11
Skylight, Ceiling Fan(s), Closet, Flooring - Hardwood, Balcony / Deck
Kitchen
Lvl First13 x 11
Ceiling Fan(s), Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Remodeled, Stainless Steel Appliances
Primary Bedroom
Lvl First12 x 14
Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Hardwood
Bathroom 1
Lvl First5 x 11
Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile, Remodeled
Listing Agent: Elizabeth Fair
Listing Office: Aluxety
MLS® Number: 73557233

