Off Market
1-7 Prince St, Salem, MA
Salem · MA 01970
- $1,275,000
- Price
- 8
- Beds
- 4
- Baths
- 3400
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1960
Units:
4 Units
Lot size:
4,870 Sq.Ft Lot
Price per square foot:
$375 / Sq.Ft
Parking:
5 Off Street Spaces
About this home
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.
Neighborhood & Transit
1-7 Prince St, Salem · MA 01970
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 64 days
- Listing Price:
- $1,275,000
- Price per Sq.Ft:
- $375
- Tax Assessment:
- $1,432,100 in 2025
- Taxes:
- $677 / Monthly
Home Facts
Interior Features
- Bedrooms
- 8
- Full Bathrooms
- 4
- Half Bathrooms
- 0
- Living Area
- 3,400 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 3400
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 200 Amps
Exterior Features
- Lot Size
- 4,870 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 5 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Francesca Little
- Listing office
- Little & Co., REALTORS®
- MLS PIN #
- 73570004
- Disclosure
- Buyers to do their own due diligence to verify income and expenses. Seller operates it with 48-54 Harbor st. Expenses are assumed to be half of current owners total expenses for both buildings.