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    Property profile & analytics

    204 Lafayette St Salem, MA 01970-4721

    • Investment properties
    • 5,925 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $815,000
    Last Sale
    Dec 17, 2021
    $850,000
    Location Intelligence
    Property ID
    US38-0511339
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Risa E. Sontz, LICSW / Social Worker / Doctor
    • The Salem Center / Psychotherapist
    • Commonwealth Family Associates / Psychologist
    • Roberts Marjorie / Psychologist
    • Gaddis Stephen R / Doctor / Marriage Or Relationship Counselor

    Property Details for 204 Lafayette St

    Year built
    1916
    Construction
    FRAME
    Lot size
    0.29 lot acres
    Property size
    5,925 SF
    Zone code
    R3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SALE M:33 L:0212
    APU
    SALEM33L0212

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $800,000
      6.5%
      $825,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $820,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $730,000
      Retail
      $820,000
      Mixed-Use
      $815,000
      Hospitality
      $785,000
      Educational
      $840,000
      Residential Income
      $845,000
      Energy
      $815,000
      Income-Based Land
      $780,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8926
    Latitude
    42.5131
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $470,600
    $516,500
    $987,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      107 Boston St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.09 Acres
      107 Boston St, Salem, MA 01970-1463
      View Details
    • Value Estimation by Request
      5,642 SF

      412 Essex St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,642 SF
      412 Essex St, Salem, MA 01970-6476
      View Details
    • Value Estimation by Request
      66,352 SF

      135 Lafayette St

      OFFICE/RESIDENTIAL (MIXED USE) • 66,352 SF
      135 Lafayette St, Salem, MA 01970-4896
      View Details
    • Value Estimation by Request
      20,000 SF

      108 Lafayette St, Unit 122

      OFFICE/RESIDENTIAL (MIXED USE) • 20,000 SF
      108 Lafayette St, Salem, MA 01970-3625
      View Details
    • Value Estimation by Request
      26,922 SF

      136 Canal St

      OFFICE/RESIDENTIAL (MIXED USE) • 26,922 SF
      136 Canal St, Salem, MA 01970-4999
      View Details
    • Value Estimation by Request
      4,290 SF

      214 Derby St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,290 SF
      214 Derby St, Salem, MA 01970-5170
      View Details

    Similar Nearby for Sale

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      Mixed-Use Building in Salem Market

      Mixed-use commercial building with high traffic location near Salem Station.
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      Spacious Mixed-Use Property in Salem

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      Redevelopment Opportunity: 1.7 Acres

      1.7 acres of land for redevelopment across Salem and Lynn.
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    • $799,900

      Well-Maintained Two-Family Home

      Spacious, updated two-family home perfect for owner-occupancy.
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      Well-Maintained Three-Unit Apartment Building

      Three-unit apartment building in prime location near train and downtown.
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    Similar Nearby for Lease

    • $20 SF/Yr
      86,000 SF

      Salem Industrial Flex Space

      86,000 SF Flex/R&D Space Available
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    • $16 SF/Yr
      8,000 SF

      Flex Space at Enterprise Center

      Flex commercial space suitable for office, assembly, receiving, and distribution.
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    • Contact for pricing

      Retail Space in Vinnin Square

      Retail space with excellent parking and visibility in Salem.
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    • $600 /Mo

      Convenient Garage Parking For Rent

      Two-car garage parking near Washington St and New Derby St.
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    • Contact for pricing
      44,503 SF

      Salem Warehouse/Manufacturing Space Available

      Newly renovated warehouse, manufacturing, or production space for lease.
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    • Contact for pricing
      1,260 SF

      Salem Office Space Available

      Office space available for rent in Salem, Massachusetts.
      2 Margin St, Salem, MA 01970
      View Details
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    204 Lafayette St
    Salem, MA 01970-4721
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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