For Sale
233 Lafayette St, Salem, MA
Salem · MA 01970
- $7,599,000
- Price
- 32
- Beds
- 26
- Baths
- 17744
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1915
Units:
26 Units
Lot size:
0.24 Acre Lot
Price per square foot:
$428 / Sq.Ft
Parking:
No Parking
About this home
Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
Neighborhood & Transit
233 Lafayette 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:
- 50 days
- Listing Price:
- $7,599,000
- Price per Sq.Ft:
- $428
- Tax Assessment:
- $4,256,500 in 2026
- Taxes:
- $4,278 / Monthly
Home Facts
Interior Features
- Bedrooms
- 32
- Full Bathrooms
- 26
- Half Bathrooms
- 0
- Living Area
- 17,744 Sq.Ft (Includes Basement)
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 15889
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 10,359 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Brick
- 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 #
- 73576567
- Disclosure
- Buyers to do their own due diligence to verify all income and expenses. Total monthly rent is $57,935. Max allowed in MLS is $32,767. Some photos have been virtually staged and edited.