- 8 beds
- 3 baths
- 4,250 sqft
- 4,238 sqft lot
- $258 per sqft
- 1900 build
- – on site
Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers generous floor plans with flexible living arrangements, while the property includes three off-street parking spaces conveniently located behind the building. With one unit currently vacant, new owners have the flexibility to set market rents, occupy a unit themselves, or customize it to their vision. Perfectly positioned close to downtown shops, restaurants, museums, and all that historic Salem has to offer, this is a rare chance to acquire a substantial multi-family asset in a high-demand rental market. A must-see for investors and owner-occupants alike.
Last checked:
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Last updated Jul 14, 2025
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MLS# 73404047 —
The Building
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Year Built:1900
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Year Built Details:Approximate
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Year Built Source:Public Records
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# of Units Total:3
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Foundation Details:Granite
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Levels:3
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Stories:3
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Stories Total:3
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Basement:Full
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Exterior Features:Balcony/Deck
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Patio And Porch Features:Deck
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Building Area Total:4250
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Bathroom With Tub & Shower
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Rooms Total:15
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Flooring:Wood
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Fireplace:true
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Fireplaces Total:2
Room Dimensions
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Living Area:4250
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Living Area Source:Public Record
Location
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Directions:(Rt. 114) Margin Street to (Rt. 114) North Street
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Longitude:-70.90298
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Latitude:42.528451
The Property
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Property Type:Residential Income
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Property Subtype:3 Family
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Parcel Number:M:27 L:0249,2133227
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Zoning:R2
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Lot Size Units:Acres
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Lot Size Area:0.1
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Lot Size SqFt:4238
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Lot Size Acres:0.1
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Waterview:No
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Waterfront:false
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Farm Land Area Units:Square Feet
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Road Frontage Type:Public
Listing Agent
- Contact info:
- Office phone:
- (978) 927-1959
Taxes
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Tax Year:2025
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Tax Book Number:36972
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Tax Annual Amount:9763
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Tax Assessed Value:860900
Beds
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Bedrooms Total:8
Baths
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Total Baths:3
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Total Baths:3
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Full Baths:3
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Forced Air
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Heating:true
Utilities
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Electric:Circuit Breakers
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Sewer:Public Sewer
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Water Source:Public
The Community
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Spa:false
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Senior Community:false
Parking
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Parking Features:Paved Drive
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Parking Total:3
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Garage:false
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Open Parking:true
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/14/25
Jul 14, 2025
|
Listed / Active | MLSPIN | $1,100,000 | 249.2% (14.7% / YR) |
8/20/08
Aug 20, 2008
|
MLSPIN | $315,000 |