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$1,999,000
20 Beds ⋅ 6 Baths ⋅ 73575709 MLS ⋅ NEW Status
NEW PRICE!!! 9.81% CAP RATE | $250K+ GROSS INCOME | $196K+ NOI | 6 UNITS / 20 BEDROOMS! Exceptional opportunity to acquire a strong cash-flowing 6-unit multifamily in desirable Salem. Featuring an attractive unit mix of two spacious 4-bedroom units and four 3-bedroom units, the property generates approximately $250K in gross annual income with an estimated $196K NOI. Additional income from on-site laundry and storage, with further upside through future rent optimization and operational efficiencies. Convenient access to Boston via MBTA Commuter Rail and close to Salem’s vibrant downtown, waterfront, restaurants, shopping, and entertainment. Newly repositioned at $1.999M, offering a compelling 9.81% cap rate, strong in-place income, immediate cash flow, and long-term upside potential.

21 Palmer St, Salem

Listing courtesy of Listing Agent: Elsa Liu from Listing Office: Realty ONE Group Cosmopolitan.
$850,000
7 Beds ⋅ 2 Baths ⋅ 73570892 MLS ⋅ ACTIVE Status
Ideally located just a short distance from vibrant downtown Salem, this well-maintained two-family offers a fantastic opportunity for both owner-occupants and investors. Lovingly cared for by the same family for many years, the property shows pride of ownership throughout and offers spacious, functional layouts with plenty of character. With three levels, the home also presents exciting potential for future expansion or additional living space, subject to buyer due diligence and all required municipal approvals. Conveniently located close to restaurants, shops, the commuter rail, parks, and everything Salem has to offer. A solid, well-cared-for multifamily in a highly convenient location with tremendous long-term potential.

21 Jackson St, Salem

Listing courtesy of Listing Agent: Jordan Ryan from Listing Office: Coldwell Banker Realty - Marblehead.
$1,275,000
8 Beds ⋅ 4 Baths ⋅ 73570004 MLS ⋅ ACTIVE Status
Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a newer roof, and new insulation in attic and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.

1-7 Prince, Salem

Listing courtesy of Listing Agent: Francesca Little from Listing Office: Little & Co., REALTORS®.
$799,000
4 Beds ⋅ 2 Baths ⋅ 73563991 MLS ⋅ ACTIVE Status
Constructed in 1915, this distinguished multi-family residence at 53 Cedar Street in Salem, MA, offers 2,247 square feet of refined living space. This property stands as a testament to enduring craftsmanship, presenting an exceptional opportunity for discerning buyers in a vibrant historical setting. The residence encompasses four well-proportioned bedrooms, providing ample private accommodations across its two stories. Complementing these are two full bathrooms, thoughtfully designed to cater to the needs of residents and guests alike. Situated on a generous 4,225 square foot lot, this property offers both expansive interior living and considerable outdoor potential. We invite you to discover the unique appeal and versatility of this Salem offering. Well maintained two family building with paved driveway and private back yard and patio. Two units each with 5 rooms, 2 bedrooms and 1 bath. Hardwood floors add value as well as overall maintenance of this property. Great central location and offers many possibilities for Salem State students as well as professionals. Unfinished third floor which is accessible from second floor unit offers bonus heated space although currently not in use. First floor has exclusive use to enclosed front porch and second floor has exclusive use to enclosed second floor porch.

53 Cedar Street, Salem

Listing courtesy of Listing Agent: Lynne Breed from Listing Office: Gibson Sotheby's International Realty.
$899,000
6 Beds ⋅ 3 Baths ⋅ 73556225 MLS ⋅ ACTIVE Status
Located on a quiet side street just moments from downtown Salem, this deleaded three-family property presents an outstanding investment opportunity with a proven rental history. The Property features three (3) spacious two-bedroom units, making it an attractive option for both investors and owner-occupants seeking stable income. Well maintained throughout, the property includes modern high efficiency Navien heating systems, a convenient coin-operated laundry area, covered rear porches, a fenced in backyard for shared outdoor space and parking for all three units. The Property is currently occupied by long-term tenants, providing immediate and consistent rental income. The owner pays for heat and hot water, tenants are responsible for electric.

15 1/2 Palmer, Salem

Listing courtesy of Listing Agent: Francesca Little from Listing Office: Little & Co., REALTORS®.
$1,550,000
16 Beds ⋅ 6 Baths ⋅ 73553561 MLS ⋅ ACTIVE Status
Major Price Reduction! We are pleased to present this multifamily offering which consists of 6 units. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements. The properties boiler system was recently upgraded and the common areas hold two washers and two dryers, both of which are coin operated. The property is ideally located in a quiet residential neighborhood that provides easy access to the local public and transportation and is a short walk to Salem Harbor.

33 Harbor Street, Salem

Listing courtesy of Listing Agent: Daniel Alper from Listing Office: Boston Realty Advisors.
$1,249,900
9 Beds ⋅ 4 Baths ⋅ 73552285 MLS ⋅ ACTIVE Status
Opportunity knocks at 8 Saunders Street in Salem! This well-maintained four-unit multifamily property offers an ideal investment opportunity in one of Salem's most desirable locations. The building consists of three spacious 2-bedroom units and one 3-bedroom unit, providing a strong and versatile rental mix. If you're looking to expand your investment portfolio this property offers tremendous potential. Conveniently located near downtown Salem's shops, restaurants, commuter rail, and waterfront attractions, tenants will appreciate the accessibility and vibrant neighborhood amenities. Multifamily opportunities of this size and configuration are hard to come by in today's market—don't miss your chance to own a valuable asset in historic Salem.

8 Saunders St, Salem

Listing courtesy of Listing Agent: Herrick Lutts Realty Partners from Listing Office: Herrick Lutts Realty Partners.
$849,900
5 Beds ⋅ 3 Baths ⋅ 73549072 MLS ⋅ ACTIVE Status
Situated at 11 Barton St in the historic city of Salem, MA, United States, this multi-family residence presents itself as an attractive property in great condition. The kitchen invites culinary exploration with its elegant backsplash, expansive kitchen peninsula, and durable stone countertops, providing both aesthetic appeal and practical workspace for everyday living. Within the living room, a welcoming fireplace provides a focal point, complemented by the distinctive charm of a beamed ceiling, creating an atmosphere of comfort and refined character. Each of the two full bathrooms offers a refreshing experience, featuring a double vanity for convenience and a beautifully tiled walk-in shower, ensuring a serene start or end to the day. Beyond the individual living spaces, this multi-family property, built in 1821, offers a substantial 2160 square feet of living area distributed across its two stories. 1st unit is vacant, 2nd unit is TAW.

11 Barton St, Salem

Listing courtesy of Listing Agent: Henrique De Oliveira from Listing Office: Dell Realty Inc..
$319,900
2 Beds ⋅ 2 Baths ⋅ 73548873 MLS ⋅ ACTIVE Status
Spacious Brand-New Double Wide home in Salem! Welcome home to this beautiful 1568 +/- sf Energy Star Rated Manufactured home featuring 2 spacious bdrms, 2 baths and a versatile bonus room where you'll have flexibility to create the perfect home office, cozy den or media rm. Expansive applianced kitchen with loads of cabinets and generous dining area. Bright, open living rm with loads of natural light. Additional highlights include a utility rm with washer/dryer hookups, efficient FHA heating and central air conditioning. Step outside to enjoy the covered front entry, low maintenance composite deck and handy storage shed. Conveniently located near shopping, dining and major commuter routes. Opportunities like this don't come along where you can find a brand new home with this much space and so many features at such an incredible price. Sorry No Dogs! Schedule your private showing today and see for yourself why this home is one of the best values in Salem.

29 Lowell Unit 24, Salem

Listing courtesy of Listing Agent: Nancy Bilodeau from Listing Office: Salem Manufactured Homes, LLC.
$815,000
5 Beds ⋅ 2 Baths ⋅ 73544671 MLS ⋅ PRICE CHANGED Status
The perfect blend of historic Salem meeting modern living at a cost that make too much sense not to look into acquiring this lovely home. With easy access to the Salem Commons, Downtown, Collins Cove and the Willows and everything else Salem has to offer.This property features a 1st floor unit with a modern kitchen and bath. /it has two bedrooms and a living room that has a working fireplace. The 2nd unit has three bedrooms , a large living and dining area and an eat in kitchen. It has an inviting fenced in yard great for entertaining and cookouts. It has 4 parking spots. Come Unit 1 will be delivered vacant. Unit 2 has a lease until 6/30/27 check out this gem.Use 44 Essex st for your GPS. Home is located in rear take the driveway to the back parking lot.

46 1/2 Essex St, Salem

Listing courtesy of Listing Agent: Donald Hardy from Listing Office: eXp Realty LLC.
$950,000
6 Beds ⋅ 6 Baths ⋅ 73542504 MLS ⋅ ACTIVE Status
Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 5 car parking plus 2 garages. All separate utilities.

249 Loring Ave, Salem

Listing courtesy of Listing Agent: Alexander Barmin from Listing Office: Averbuch Realty.
$879,000
6 Beds ⋅ 2 Baths ⋅ 73536806 MLS ⋅ ACTIVE Status
Well-maintained two-family home in the highly desirable Forest River Park neighborhood, offering an excellent opportunity for both owner-occupants and investors. Each unit features a separate entrance, three bedrooms, one bathroom, in-unit washer and dryer, high ceilings, and gleaming hardwood floors throughout. Ideally situated just one block from Forest River Park and three blocks from Salem State University's North Campus, this property offers exceptional convenience. Public transportation is easily accessible, with the Lafayette Road bus route located two blocks away, providing service to downtown Salem and Boston's Haymarket area. Unit 1 Currently has a TAW, and unit 2 is vacant.

18 Cliff Street, Salem

Listing courtesy of Listing Agent: Lindsey McCarthy from Listing Office: Coldwell Banker Realty - Marblehead.
$2,310,000
9 Beds ⋅ 7 Baths ⋅ 73535855 MLS ⋅ EXTENDED Status
Unique opportunity to own the historic Captain Nathaniel Osgood House, an elegant brick seven-family property built in 1815 and prominently situated within Salem's highly sought-after McIntire District. Rich in period charm and architectural character, the property consists of three (3) one-bedroom units, one (1) two-bedroom unit, and two (2) spacious one-plus-bedroom units. Each units showcases beautiful antique fireplaces, hardwood flooring, and an abundance of original historic detail.The building has been thoughtfully renovated throughout with granite countertops, stainless steel appliances, new bathrooms, efficient Navien heating systems, and updated electrical service. The property offers off-street parking for up to six vehicles. Adding to its appeal is a detached two-story carriage house located at the rear of the property, providing additional income. All tenants pay heat, HW and electric. Please see attached PDF for a rent roll and expenses.

401 Essex, Salem

Listing courtesy of Listing Agent: Francesca Little from Listing Office: Little & Co., REALTORS®.
$1,700,000
8 Beds ⋅ 6 Baths ⋅ 73517252 MLS ⋅ ACTIVE Status
RARE OWNER-OCCUPANT INCOME OPPORTUNITY IN SALEM! Completely renovated from top to bottom, this exceptional two-family offers over 4,300 SF with TWO spacious 4-bedroom, 3-full-bath residences, each approximately 2,155 SF and designed to live like a single-family home. An incredible opportunity to occupy one residence while generating income from the other, including potential short-term rental use for a qualifying owner-occupant, subject to City of Salem requirements. Nearly everything is NEW! New roof, electrical, plumbing, HVAC with gas heat and central A/C, kitchens, bathrooms, flooring, interior and exterior paint and more. Soaring ceilings, abundant natural light and beautiful finishes preserve the scale and character of the original 1875 Victorian while providing the comfort and functionality of a modern home. Each residence enjoys its own separate driveway with off-street parking, private fenced outdoor space and private basement with abundant storage, providing an unusual level of privacy and independence for a two-family property. With 8 bedrooms, 6 full bathrooms and more than 4,300 SF of beautifully renovated living space, the possibilities are exceptional: owner-occupy with rental income, explore permitted short-term rental potential, accommodate extended or multigenerational living, or maintain both residences as long-term rentals. Ideally located in North Salem approximately 1 mile from downtown Salem and the MBTA.

18 Balcomb Street, Salem

Listing courtesy of Listing Agent: Jackelyn Enslow from Listing Office: Cameron Real Estate Group.
$899,000
4 Beds ⋅ 3 Baths ⋅ 73377493 MLS ⋅ ACTIVE Status
Landmark Mixed Use Building Located on Bustling North Street at the Doorstep of Downtown Salem and Salem Train Station. Fantastic Investment Property with a Commercial Tenant Occupying the Ground Level Space. Second Floor is a Large 2 Bedroom Apartment with updates throughout. Third Floor Unit is a 2 Bedroom with a fantastic layout.

112 North St, Salem

Listing courtesy of Listing Agent: Steven Belesis from Listing Office: Citylight Realty.

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