Sold

4 Lemon St Ct, Salem, MA

Salem · MA 01970

$855,000
Price
5
Beds
3
Baths
2005
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1880
Units: 2 Units
Lot size: 2,400 Sq.Ft Lot
Price per square foot: $424 / Sq.Ft
Parking: 3 Off Street Spaces

About this home

Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you'll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.

Neighborhood & Transit

4 Lemon St Ct, Salem · MA 01970

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Salem Commuter Rail 1 route 0.33 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
484 days
Listing Price:
$850,000
Price per Sq.Ft:
$424
Tax Assessment:
$763,000 in 2025
Taxes:
$721 / Monthly

Home Facts

Interior Features

Bedrooms
5
Full Bathrooms
3
Half Bathrooms
0
Living Area
2,005 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
2005
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Circuit Breakers

Exterior Features

Lot Size
2,400 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
3 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
The Lopes Group
Listing office
J. Barrett & Company
MLS PIN #
73367401
Disclosure
Seller/seller's agents make no warranties/representations, buyer/buyer's agent responsible for due diligence. Sold AS-IS Condition. Appliances left as gifts. Room size is approximate. Unit 1 lease ends 6/30/25, Unit 2 lease ends 8/31/25.