Active
31 Days on market
107 Federal St #1 Salem — Photo 1 of 31

107 Federal St #1 Salem — Photo 1 of 31

Recent Drop: $45,005

$995,000
$949,995

$949,995

Investment Analysis — 107 Federal St #1

Salem, MA 01970

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 2.47% cap rate and $23,506/yr in estimated NOI at the $949,995 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

2

SqFt

1,609

Style

Condominium

Built

1890

Newly constructed residential unit built in what was once a circa 1890 dry goods store. Bask in the bountiful natural light from the original 96" tall storefront windows, gaze upon a lovely square or close the top down/bottom up shades for maximum privacy. Entertain in comfort while enjoying all that light in the open concept living/dining/kitchen area. Feel the spaciousness afforded by the high ceilings. Admire the details that set this home apart, including the open new $15,000 custom mahogany front door, the custom mahogany French windows in the primary bedroom, the kitchen cabinets that extend all the way to the ceiling, the chic bathrooms. Stay cool in the new central air. Consider the safety of the new fully sprinklered fire suppression system. In addition to the two bedrooms on the first level, spread out in the lower level large, private family room, the spacious office/guest bedroom, the separate laundry room, and the full bath. Off street parking. Enjoy life on one of Salem's finest tree lined streets in the heart of the McIntire Historic District, yet walk to the train to Boston, downtown Salem restaurants and shops, the Atheneum and the library in eight minutes or less. If you want everything new, but plain vanilla boxes are not for you, come home to this home with soul.

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

Original Price$995,000
Annual Taxes$1,584
HOA Fee$250

Parking

Garage0
Off-Street1

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Stone / Slate
BasementY

Climate & Utilities

HeatingBaseboard, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
Foundation--
ZoningB1

Property & Lot

Acres0.05
SqFt Lot2,378
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator

Neighborhood

Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2
Basement
Family RoomBedroom 3
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Family Room
Lvl Basement
Primary Bedroom
Lvl First
Bedroom 2
Lvl First
Bedroom 3
Lvl Basement

Property History

Price Drop
$949,995

Was $995,000

Sep 13, 2026

MLS® 73563967

Listed
$995,000

Aug 14, 2026

MLS® 73563967

Expired
$950

Jul 31, 2011

MLS® 71162991

Expired
$210,000

Apr 30, 2011

MLS® 71124856

Listed
$950

Nov 16, 2010

MLS® 71162991

Listed
$210,000

Aug 17, 2010

MLS® 71124856

Expired
$900

Mar 31, 2010

MLS® 71013765

Listed
$900

Dec 31, 2009

MLS® 71013765

Listing Provided By

Listing Agent: Richard Jagolta

Listing Office: Seaport Realty

MLS® Number: 73563967