Salem MA Multi Family for Sale
$1,399,900
450 Lafayette St Unit 450 Salem, MA 01970
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.19 Acres
- Year built:
- 1910
- Baths:
- 5.00
- MLS#:
- 73307430
ADDITIONAL INFORMATION
Enjoy stunning ocean views of Salem Harbor year-round from this picturesque Victorian located on the North Shore’s desirable Salem/Marblehead Line. In the owner’s unit, the main level includes a modern kitchen, ½ bath, & a grand fireplaced living room featuring hardwood floors, crown moldings, high ceilings, & oversized windows. The regal central staircase leads up to a sitting area & generous primary suite complete with laundry. The third floor has two bedrooms, a bathroom, & ample storage in the eaves. In the finished basement, you will find additional storage & living space. The townhouse-style rental unit has a fireplaced living room, kitchen, 1.5 baths, in-unit laundry, & two bedrooms. Currently used as a 2-family, but could easily be converted into a single family. Enjoy outdoor living on your covered front porch or back deck. The backyard also features a patio area, one-car garage, & plenty of off-street parking located behind this quintessential New England Home.
$875,000
3 Hazel St Unit 3 Salem, MA 01970
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.04 Acres
- Year built:
- 1915
- Baths:
- 3.00
- MLS#:
- 73306955
ADDITIONAL INFORMATION
Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. A great long term play, 3 Hazel St will be a great investment!
$1,175,000
11 Hancock St Unit 11 Salem, MA 01970
- Type:
- Fourplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.09 Acres
- Year built:
- 1917
- Baths:
- 4.00
- MLS#:
- 73294342
ADDITIONAL INFORMATION
This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.
$759,000
6 Randall St Unit 6 Salem, MA 01970
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.08 Acres
- Year built:
- 1850
- Baths:
- 3.00
- MLS#:
- 73288005
ADDITIONAL INFORMATION
Discover this charming multifamily home in historic Salem, MA, ideally located near downtown and the MBTA station. This well-maintained property features two separate units, each with 2 bedrooms and 1 bathroom. The second-floor unit boasts a walk-up attic with additional rooms to expand, offering versatile space for growth. Both units have access to a finished basement with laundry facilities and a half bath. Enjoy modern updates, including a sleek kitchen with granite countertops and stainless steel appliances in one unit, off-street parking, and a shared outdoor space. Perfect for investors or multi-generational living.
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Salem Real Estate
The median home value in Salem, MA is $570,000. This is lower than the county median home value of $572,900. The national median home value is $338,100. The average price of homes sold in Salem, MA is $570,000. Approximately 48.59% of Salem homes are owned, compared to 45.63% rented, while 5.78% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, Massachusetts has a population of 44,452. Salem is less family-centric than the surrounding county with 22.93% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Salem, Massachusetts is $72,884. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Salem is 37.6 years.
Salem Weather
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 18.2 degrees. The average rainfall is approximately 47.3 inches per year, with 41.8 inches of snow per year.