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Salem 01970 South Salem
12 Varney St
Photo of 12 Varney St
Sold on May 3, 2026

12

Map

Photo of 12 Varney St
Photo of 12 Varney St
$340,000
● House - Off Market

12 Varney St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,197 Ft²
$2,403
Est. Monthly

About This Property

This home sits on an approximately 8,200 square foot lot and is being sold strictly AS-IS. Renovation or possible tear-down. Ideal for investors, contractors, or buyers seeking a value-add project. Three off-street parking spaces and large yard. Located minutes from downtown Salem, commuter routes, and historic attractions. Excellent opportunity in a high-demand area.
Unit Size
1,197 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$334
Property Type
House
Property Taxes
$439
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 6 months ago (MLSPIN #73483118)

Price History

Date / Event Date Event Price
May 3, 2026 Sold
Premium
Sold
Mar 17, 2026 In contract -
In contract
Mar 5, 2026 Listed by Tinkham Realty, Inc. $399,900
Listed by Tinkham Realty, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 7
  • Basement Area: 798
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,242
  • Total Building Area: 1,197
  • Gross Building Area: 2,415
  • Building Area: 1,197
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,197
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • 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: R1

Geography

  • Parcel: SALE M:15 L:0350
  • Lot: 350
  • Municipality: SALEM
  • Latitude: 42.5187
  • Longitude: -70.9123

    Address

  • Full Address: 12 Varney St
  • Address - House Number: 12
  • Address - Street Name: Varney
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $509,300

    Appraisal Valuation

  • Standard Deviation: 0.2132
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 511,077
  • High Value: 620,070
  • Low Value: 402,084

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,300
  • Assessed Land Value: $175,100
  • Assessed Improvements Value: $263,200
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2133 ft²

Average Home Age

83.7 years

Currently For Sale

38 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73483118

Frequently Asked Questions

When was property at 12 Varney Street built and last sold?
The property at 12 Varney Street was built in 1890 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 12 Varney Street is $0.
What are some comparable homes to 12 Varney Street?
There are currently no comparable homes to 12 Varney Street.
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