Historic Two-Unit Residential
11 Barton St Salem, MA 01970
New
For Sale
$849,900
Two-story multi-family built in 1821 with two full bathrooms per unit and a fireplace and beamed ceiling in the living area.
Property Size2,160 SF
Price / SF$393.47
Days on Market3
Property Features for 11 Barton St
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1821
Listing Agency:
Dell Realty Inc.
(617) 513-7735
Listed By:
Henrique De Oliveira
(617) 513-7735
Source:
Thefirmreg
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 5:20PM
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.
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.
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $25.20 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $52.0k | $24.07 |
| − OpEx | −$15.6k | −$7.22 |
| NOI | $36.4k | $16.85 |
2,160 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.8K
$454.9K – $606.5K
NOI $36,388 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,510 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
