Off Market
1-7 Prince St, Salem, MA
Salem · MA 01970
- $2,400,000
- Price
- 16
- Beds
- 8
- Baths
- 6656
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1960
Units:
8 Units
Lot size:
9,740 Sq.Ft Lot
Price per square foot:
$361 / Sq.Ft
Parking:
10 Off Street Spaces
About this home
Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 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 new roof on the Harbor Street building, and new insulation in both attics 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:
- 226 days
- Listing Price:
- $2,400,000
- Price per Sq.Ft:
- $361
- Tax Assessment:
- $1,432,100 in 2025
- Taxes:
- $1,353 / Monthly
Home Facts
Interior Features
- Bedrooms
- 16
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 6,656 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6656
- 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
- 9,740 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 10 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Shingles, 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 #
- 73490150
- Disclosure
- Buyers to do their own due diligence to verify income and expenses.