11 Barton St, Salem, MA 01970

Building Details

Building Size 2,160 SF More

Year Built 1821 More

Stories 2 More

Tenancy Multi More

Listing Agency: Dell Realty Inc.

Listed By: Henrique De Oliveira Show Phone

Source: Classifiedrealtygroup

Added: Jul 24 Changed: Nov 8 Last Checked: Nov 8 at 2:56AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dell Realty Inc.

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Investment Insights

Based on property information with market context.

This two-unit residential income property is a multi-family home built in 1821 and presented in great condition. The layout includes two stories with living areas that feature a fireplace and beamed ceiling charm. The kitchen is designed with an expansive peninsula, stone countertops, and an elegant backsplash. Each of the two full bathrooms is equipped with a double vanity and a beautifully tiled walk-in shower.

The property is located at 11 Barton St in Salem, MA. The first unit is vacant, and the second unit is tenant occupied under TAW.

Overall, the building totals 2,160 square feet of living area across its two stories, providing a straightforward two-unit configuration for an income-focused buyer.

Key Highlights

• Two‑story multi‑family residence built in 1821 with 2,160 SF of living area across two stories
• 1st unit is vacant
• 2nd unit is TAW

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,388

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$727,760 $727.8K

Cap Rate 7%

$519,829 $519.8K

Cap Rate 9%

$404,311 $404.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,160 SF

Gross rent

$54.4K $25.20/SF

− Vacancy

−$2.4K −$1.13/SF

EGI

$52.0K $24.07/SF

− OpEx

−$15.6K −$7.22/SF

NOI

$36.4K $16.85/SF

Area

Essex County, MA

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$727,760

Cap Rate 7%

$519,829

Cap Rate 9%

$404,311

Alternative Uses

Best Use

Multifamily LT 5

$519.8K

$454.9K – $606.5K (±1% cap)

NOI $36,388 @ 7.0% cap · market cap 4.28%

Second Best

Apartment 5plus

$469.2K

$410.6K – $547.4K (±1% cap)

NOI $32,846 @ 7.0% cap · market cap 3.86%

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,510 @ 7.0% cap · market cap 10.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,424

Businesses Nearby

Explore this area Business Placement

Demographics for 01970, MA

44,451

Population

20,920

Households

2.1

Avg Household Size

39

Median Age

50%

College-Educated

92%

High-School Grad

8.2 sq mi

ZIP Area

5,421

Density / Sq Mi

$85,189

Median Household Income

$52,024

Median Earnings

$1,800

Median Rent

$497,500

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Essex County, MA

$352 Jul

$360 Aug

$377 Sep

$338 Oct

Properties on Market for Duplexes in Essex County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-story multi-family built in 1821 with two full bathrooms per unit and a fireplace and beamed ceiling in the living area.

Where is this duplex located?

The property is located at 11 Barton St Salem, MA.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: Two‑story multi‑family residence built in 1821 with 2,160 SF of living area across two stories; 1st unit is vacant; 2nd unit is TAW