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Salem 01970 South Salem
9 Lyme Street
Photo of 9 Lyme Street
Sold on Jan 9, 2026

7

Map

Photo of 9 Lyme Street
Photo of 9 Lyme Street
$505,000
● House - Off Market

9 Lyme Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,373 Ft²
$3,144
Est. Monthly

About This Property

Fantastic opportunity to own a single-family home in a prime Salem location, convenient to downtown, the commuter rail, and Salem State University. This home features four bedrooms and one spacious bath, with hardwood floors throughout. Enjoy the convenience of a two-car garage, large driveway, and a low-maintenance backyard. Perfect for buyers looking to customize and make it their own. Sold as is.
Unit Size
1,373 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$393
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1885

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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: 10 months ago (MLSPIN #73451855)

Price History

Date / Event Date Event Price
Jan 9, 2026 Sold
Premium
Sold
Nov 14, 2025 In contract -
In contract
Nov 5, 2025 Listed by Lantern Residential $540,000
Listed by Lantern Residential
Dec 3, 2021 Sold
Premium
Sold
Sep 29, 2021 Listed by Lantern Residential $500,000
Listed by Lantern Residential

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 793
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,197
  • Total Building Area: 1,374
  • Gross Building Area: 2,385
  • Building Area: 1,374
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,374
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000073
  • 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:34 L:0013
  • Lot: 13
  • Municipality: SALEM
  • Latitude: 42.5139
  • Longitude: -70.8957

    Address

  • Full Address: 9 Lyme St
  • Address - House Number: 9
  • Address - Street Name: Lyme
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 4817
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $575,500
  • Initial Tax Delinquent Year: 1990

    Appraisal Valuation

  • Standard Deviation: 0.2266
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 550,413
  • High Value: 675,115
  • Low Value: 425,711

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $495,300
  • Assessed Land Value: $154,700
  • Assessed Improvements Value: $340,600

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211203004010
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2169 ft²

Average Home Age

85.1 years

Currently For Sale

34 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: 10 months ago
Data Source: MLS PIN, MLS# 73451855

Frequently Asked Questions

When was property at 9 Lyme Street built and last sold?
The property at 9 Lyme Street was built in 1885 and last sold on Dec 3, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 9 Lyme Street is $0.
What are some comparable homes to 9 Lyme Street?
There are currently no comparable homes to 9 Lyme Street.
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