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Salem 01970 South Salem
102 Margin St
Photo of 102 Margin St
Sold on Sep 4, 2025

35

Map

Photo of 102 Margin St
Photo of 102 Margin St
$530,000
● House - Off Market

102 Margin St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,886 Ft²
$3,220
Est. Monthly
5.56%
Cap Rate

About This Property

Come on out and see this new to market home in historic Salem Ma. Just walking distance to all town amenities including the commuter rail. This home boasts lots of rooms for a large family. It is listed as a single family but has all the features of a 2 unit. Use it as an in-law or modify it to be a legitimate 2 unit. Inside you will find 2 half bathrooms and 2 full bathrooms, 4 level living with some finished space in the basement. A fenced in court yard offers space for garden or if you wish to make  off street parking this may be an option. This home may need some updates and cosmetic work but many of the systems like exterior siding, roof and furnace have been updated. This home is priced for a quick sale. Motivated seller, bring all offers.
Unit Size
2,886 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$197
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MLSPIN #73388799)

Price History

Date / Event Date Event Price
Sep 4, 2025 Sold
Premium
Sold
Jul 24, 2025 In contract -
In contract
Jul 3, 2025 Price Decreased $569,000
↓ $30K (5%)
Price Decreased
Jun 10, 2025 Listed by Parkhill Realty Group $599,000
Listed by Parkhill Realty Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Total Building Area: 2,886
  • Gross Building Area: 3,444
  • Building Area: 2,886
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,886
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000057
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0644
  • Lot: 644
  • Municipality: SALEM
  • Latitude: 42.5165
  • Longitude: -70.8968

    Address

  • Full Address: 102 Margin St
  • Address - House Number: 102
  • Address - Street Name: Margin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 3339
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $503,300

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 86
  • Final Value: 490,246
  • High Value: 551,736
  • Low Value: 428,756

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $433,100
  • Assessed Land Value: $143,400
  • Assessed Improvements Value: $289,700
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73388799

Frequently Asked Questions

When was property at 102 Margin Street built and last sold?
The property at 102 Margin Street was built in 1915 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 102 Margin Street is $0.
What are some comparable homes to 102 Margin Street?
There are currently no comparable homes to 102 Margin Street.
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