Historic Multi-Family
11 Barton St Salem, MA 01970
11 Barton St, Salem, MA, 01970
$929,900
For Sale
$929,900
Two-story historic multi-family built in 1821 with a fireplace, beamed ceiling, and double vanity bathrooms.
Property Size2,160 SF
Price / SF$430.51
Days on Market90
Property Features for 11 Barton St
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1821
Listing agency
(617) 513-7735
Listed by
Henrique De Oliveira
(617) 513-7735
Source
Elliman
Added: Apr 24 Updated: Jul 22 at 4:18AM Checked: Jul 22 at 4:18AM
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 Henrique De Oliveira
Investment Insights
Based on property information with market context.
Situated at 11 Barton St in historic Salem, this two-story multi-family residence was built in 1821 and is described as being in great condition. The interior features an inviting living area with a fireplace and a beamed ceiling, along with a kitchen highlighted by a backsplash, an expansive peninsula, and stone countertops.
Each of the property’s two full bathrooms includes a double vanity and a tiled walk-in shower. The home’s living area totals 2,160 square feet, and the public remarks describe it as distributed across its two stories.
With 19th-century character and multiple dedicated bathrooms, the property presents a cohesive residential layout within a historic multi-family setting.
Each of the property’s two full bathrooms includes a double vanity and a tiled walk-in shower. The home’s living area totals 2,160 square feet, and the public remarks describe it as distributed across its two stories.
With 19th-century character and multiple dedicated bathrooms, the property presents a cohesive residential layout within a historic multi-family setting.
Key Highlights
- Historic two‑story multi‑family residence built in 1821 with 2,160 SF of living area
- Living room features a fireplace and distinctive beamed ceiling details
- Kitchen offers an expansive peninsula and stone countertops
Local Financial Insights For Apartment 5plus
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 | $62.2k | $28.80 |
| − Vacancy | −$2.5k | −$1.15 |
| EGI | $59.7k | $27.65 |
| − OpEx | −$26.9k | −$12.44 |
| NOI | $32.8k | $15.21 |
2,160 SF · lease $28.80/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,510 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Two-story historic multi-family built in 1821 with a fireplace, beamed ceiling, and double vanity bathrooms.
Where is this multifamily property located?
The property is located at 11 Barton St Salem, MA.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: Historic two‑story multi‑family residence built in 1821 with 2,160 SF of living area; Living room features a fireplace and distinctive beamed ceiling details; Kitchen offers an expansive peninsula and stone countertops
