Explore an excellent investment opportunity in Salem's Pickering Wharf at 80 Wharf St Unit K-1. This charming 2-bedroom, 1-bathroom condo is ideally situated in the picturesque waterfront district. Both investors and owner-occupants will appreciate the turnkey nature of this property, currently tenanted with a reliable 17-year tenant paying market rent. Benefit from stable cash flow and the potential for property appreciation in Salem's thriving rental market if you so choose. With its blend of historic charm and modern amenities, this condo offers a rare chance to secure a hassle-free investment in one of Salem's most sought-after neighborhoods. Please note that interior photos are unavailable due to the tenant's privacy preferences. However, rest assured that the property is in good shape and meticulously maintained for your investment peace of mind. Enjoy occupying or investing in waterfront living in Salem's vibrant community.
Sold for $400,000
$400,000
80 Wharf St #K1, Salem, MA 01970
2beds
1,100sqft
Condominium
Built in 1980
-- sqft lot
$467,700 Zestimate®
$364/sqft
$2,904 Estimated rent
Home value
$467,700
$440,000 - $496,000
$2,904/mo
Zestimate® history
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$2,782/mo
Est. payment
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$2,782/mo
Est. payment
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Historic charm
Zillow last checked:
Listing updated:
Listed by:
Sherwood & Company Team 617-833-0036,
Compass 617-206-3333,
Blake Sherwood 617-833-0036
Bought with:
Team Lillian Montalto
Lillian Montalto Signature Properties
Source: MLS PIN,MLS#: 73203890
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Second
- Area: 156
- Dimensions: 13 x 12
Bedroom 2
- Level: Second
- Area: 154
- Dimensions: 14 x 11
Bathroom 1
- Level: Second
Dining room
- Level: Second
- Area: 120
- Dimensions: 12 x 10
Kitchen
- Level: Second
- Area: 144
- Dimensions: 12 x 12
Living room
- Level: Second
- Area: 286
- Dimensions: 22 x 13
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Refrigerator, Washer, Dryer
- Laundry: Second Floor, Washer Hookup
Features
- Flooring: Vinyl, Carpet, Laminate
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: End Unit,2+ Common Walls,Corner
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Assigned, Exclusive Parking
- Uncovered spaces: 1
Features
- Has view: Yes
- View description: Water, Canal, Ocean
- Has water view: Yes
- Water view: Canal,Ocean,Water
- Waterfront features: Waterfront, Ocean, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Details
- Parcel number: M:34 L:0408 S:829,2135933
- Zoning: RES
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Frame, Brick
- Roof: Shingle
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Electric Range, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Conservation Area, Marina, Public School, University
HOA
- Services included: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
- HOA fee: $294 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $364/sqft
- Tax assessed value: $424,400
- Annual tax amount: $4,932
- Date on market: 1/4/2026
- Listing terms: Contract
- Exclusions: Tenants Belongings
Price history
| Date | Event | Price |
|---|---|---|
| 4/12/2024 | Sold | $400,000$364/sqft |
Source: MLS PIN #73203890 Report a problem | ||
| 2/29/2024 | Contingent | $400,000$364/sqft |
Source: MLS PIN #73203890 Report a problem | ||
| 2/20/2024 | Listed for sale | $400,000+471.4%$364/sqft |
Source: MLS PIN #73203890 Report a problem | ||
| 12/23/1992 | Sold | $70,000$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,883 -1% | $430,600 +1.5% |
| 2024 | $4,932 +10.3% | $424,400 +18.7% |
| 2023 | $4,471 | $357,400 |
| 2022 | $4,471 +12.5% | $357,400 +24.1% |
| 2021 | $3,973 -2.9% | $287,900 +1.7% |
| 2020 | $4,092 +5.9% | $283,200 +10.7% |
| 2019 | $3,863 +8.3% | $255,800 +10.3% |
| 2018 | $3,568 -0.4% | $232,000 +2.7% |
| 2017 | $3,581 -1.2% | $225,800 -2.3% |
| 2016 | $3,623 -2% | $231,200 +2.6% |
| 2015 | $3,697 +3.3% | $225,300 +5.3% |
| 2014 | $3,579 +0.2% | $213,900 -6.4% |
| 2012 | $3,573 -0.1% | $228,600 -3.8% |
| 2011 | $3,577 +3.9% | $237,700 -3.3% |
| 2010 | $3,444 +10.7% | $245,800 +2.1% |
| 2009 | $3,111 +6% | $240,800 -4.3% |
| 2008 | $2,935 -0.7% | $251,500 -8.3% |
| 2007 | $2,955 | $274,400 |
Find assessor info on the county website
Neighborhood: 01970
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Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.4 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.3 mi
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.9 mi
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Estimated market value
$467,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$467,700
- Massachusetts
- Essex County
- Salem
- 01970
- 80 Wharf St Unit K1
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