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You are here:
Home Massachusetts Salem Apartments

Salem 3 beds 2 baths - $3,100
Available: 09-01-2024
17 Photos
$3,100/mo
3 Beds
2 Baths
Available: 09/01/2024
Salem, MA
16 Lathrop, Salem, MA 01970
Listing courtesy of Wilson Lautner, Compass

Amenities & Apartment Information

Unit

Pet Friendly
Granite Countertops
Stainless Steel Appliances

Property Description

Available September 1st for move in, completely renovated large 3 bed/2 bath located in one of Salem's best neighborhoods - walk to the Commuter Rail, Downtown Salem, the Salem Commons, and even the beach! Entire unit has been gut-rehabbed 4 years ago, with no expense spared! Kitchen has been redone with white shaker cabinetry, stainless-steel appliances, granite countertops, and stylish fixtures. Both bathrooms have been updated with designer-like tile, new vanities, new toilets, and new showers. All systems have been overhauled to include a new high-efficiency heating system w/ central AC, a new tankless water heater, new plumbing, and new electrical. Open concept living with lots of natural sunlight throughout. A small backyard, laundry hook ups and storage in the basement round out this unit perfectly!
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Map & Nearby Areas

Nearby Areas

Boston Apartments
Beverly Apartments
Danvers Apartments
Gloucester Apartments
Lynn Apartments
Peabody Apartments
Salem Apartments
Saugus Apartments
Swampscott Apartments

Price Comparison

This apartment is 3.13% less expensive than the average price of $3,200 for 3 bedroom apartments in Salem. It's rare to find an apartment this far below the average rent price in Salem. Units like this rent quickly. Use the contact form to schedule a showing or request a rental application. This listing may not last much longer.

Average Rent Prices for 3 Bedroom Apartments in Salem

Rent Calculator & Affordability

Recommended Annual Gross Income

Household:

$112,727 - $148,800

You + 2 Roommates, Each:

$41,333 - $49,600
A range of 25-30% is usually the recommended amount of household or combined gross income to spend on rent. This is also what many landlords are looking for in a prospective tenant, a group of roommates, or their cosigner(s). Remember, this is just a suggestion and does not take into account any other expenses you may have.

Rent Calculator

How much do you (or your cosigner) earn each year before taxes?

High Range

35% of Gross Income

$4,340

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Mid Range

25% of Gross Income

$3,100

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Low Range

15% of Gross Income

$1,860

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Contact Agent

Boston Pads
Boston Pads
279 Newbury Street
Boston, MA 02116
(617) 208-2121

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Have You Considered Buying
Your Own Home?

Instead of paying $3,100/mo in rent, these homes may have a similar monthly mortgage.

This is an estimate based on a 30-year fixed-rate mortgage at 7.242% interest, 20% down payment, $120/mo homeowners insurance, and the average property tax rate of 10.90 in the Boston area. Actual interest rates, property taxes, and homeowners insurance will vary. Does not include additional expenses or fees such as closing costs, PMI, or HOA fees. Buyers must complete their own due diligence based on current market conditions.