Three-Level
21 Jackson St, Salem, MA 01970
For Sale
New
$749,999
Two residential units are arranged across three levels in a B1-zoned property.
Property Size2,918 SF
Price / SF$257.03
Days on Market3
Property Features for 21 Jackson St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Full
2
No
3
7
Public Record
2918
Corner Lot
Public
0.09
Paved Drive
Paved
Block
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker Realty - Marblehead
Listed By:
Jordan Ryan
Source:
Realprobythewater
Added: Nov 7
Changed: Nov 9
Last Checked: Nov 8 at 5:43PM
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 Coldwell Banker Realty - Marblehead
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Investment Insights
Based on property information with market context.
This two-family property contains 2,918 square feet across three levels and was built in 1915. The parcel measures 0.09 acres and includes a paved drive; zoning is B1.
The property occupies a corner lot in Salem, near downtown, restaurants, shops, parks, and commuter rail service.
The property occupies a corner lot in Salem, near downtown, restaurants, shops, parks, and commuter rail service.
Key Highlights
- Two‑family property with 2,918 square feet
- Three‑level layout
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,157
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,140
$983.1K
Cap Rate 7%
$702,243
$702.2K
Cap Rate 9%
$546,189
$546.2K
Market Conditions
NOI Build-Up for 2,918 SF
Gross rent
$73.5K $25.20/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$70.2K $24.07/SF
− OpEx
−$21.1K −$7.22/SF
NOI
$49.2K $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%
$983,140
Cap Rate 7%
$702,243
Cap Rate 9%
$546,189
Alternative Uses
Best Use
Multifamily LT 5
$702.2K
$614.5K – $819.3K
NOI $49,157 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$633.9K
$554.7K – $739.5K
NOI $44,372 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $120,921 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,464
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
$497,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are arranged across three levels in a B1-zoned property.
Where is this duplex located?
The property is located at 21 Jackson St Salem, MA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Two‑family property with 2,918 square feet; Three‑level layout; Built in 1915
