
107 Federal St #1 Salem — Photo 1 of 31
Recent Drop: $45,005
$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.
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 MLS and other third-party data may be inaccurate or out of date.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
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator
Neighborhood
Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstDining Room
Lvl FirstKitchen
Lvl FirstFamily Room
Lvl BasementPrimary Bedroom
Lvl FirstBedroom 2
Lvl FirstBedroom 3
Lvl BasementProperty History
$949,995
Was $995,000
Sep 13, 2026
MLS® 73563967
$995,000
Aug 14, 2026
MLS® 73563967
$950
Jul 31, 2011
MLS® 71162991
$210,000
Apr 30, 2011
MLS® 71124856
$950
Nov 16, 2010
MLS® 71162991
$210,000
Aug 17, 2010
MLS® 71124856
$900
Mar 31, 2010
MLS® 71013765
$900
Dec 31, 2009
MLS® 71013765
Listing Agent: Richard Jagolta
Listing Office: Seaport Realty
MLS® Number: 73563967