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Property profile & analytics
OFF-MARKET
Investment properties
47 Leavitt St, Salem, MA 01970-4959
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0314913
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2022
Construction
STEEL FRAME
Total area
27,334 SF
Lot
0.22 ac (9,631 SF)
Zoning code
R3
APN
SALE M:34 L:0163
UPID
US38-0314913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Lighthouses Apartment Complex Apartment Rental Agency
-
The Market - The Salem Pantry Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lighthouses Apt LLC · 4 yrs held
Lighthouses Apt LLC
since 2021
Last sale
$385,000
7 recorded transactions
Zoning & alternative use
R3 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,570
Tax year 2023
Assessed value
$3,623,400
Assessed 2024
Previous assessed
$3,623,400
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$625,000
Assessed improvement
$2,998,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
25
Rooms
89
Bathrooms
4
Total area
27,334 SF
Lot
0.22 ac (9,631 SF)
Zoning code
R3
APN
SALE M:34 L:0163
UPID
US38-0314913
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Salem, MA
Zoning R3 · permitted uses
R3 · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
25
Rooms
89
Bathrooms
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Lighthouses Apt LLC
Entity
Mailing address
96 LAFAYETTE ST, SALEM, MA 01970-3625
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
—
Lighthouses Apartments
—
Deed
related
$1,640,000 · North Shore Community Development
Aug 5, 2021
$385,000
Lighthouses Apt LLC
47 Leavitt Street LLC
Quit Claim Arm's Length For Ne States
$17,225,000 · Eastern Bank
Aug 15, 2014
$330,000
47 Leavitt Street LLC
Leavitt Street RT
Quit Claim Deed
$430,000 · Boston Comm Loan Fund INC
Aug 29, 2003
—
Timothy P Shea
—
Deed Of Trust
related
$340,000 · New Fijol Ft
Dec 13, 2000
—
Leavitt St. RT
—
Deed Of Trust
related
$100,000 · Fleet National Bank
Feb 2, 1994
$56,000
Timothy P Shea
Fnma
Grant Deed
$50,400 · Federal National Mortgage Assn
Oct 26, 1992
$112,700
Housing Mtg Corp
First Eastern Mtg
Grant Deed
related
—
Jun 23, 1992
$112,700
First Eastern Mtg
Getsim,leonidas E
Grant Deed
related
—
May 22, 1989
$240,000
Michaele Keefe
Keefe,john W
Grant Deed
related
—
May 22, 1989
—
Leonidas E Getsim
—
Deed Of Trust
related
$192,000 · New Fijol Ft
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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