Listing Tools

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.

More Info

Basic Information

  • Gross Income $226,800
  • Lot Features Corner Lot
  • Mls StatusPrice Changed
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water)

Tax Information

  • Tax Assessed Value $1,432,100
  • Tax Year 2025
  • Taxes$16,240

Parking

  • Parking Features Off Street
  • Parking Spaces10

Rooms

  • Bathroom8
  • Bathrooms Total Decimal 8
  • Bedrooms16
  • Full Bath8

Basic Information

  • List Price$2,550,000
  • MLS Number73490150
  • Modification Date06/01/2026
  • Property SubType5-9 Family

Location

  • Address1-7 Prince St & 48-54 Harbor Street
  • Building Number1-7
  • CountyEssex
  • StateMA
  • StreetPrince St & 48-54 Harbor Street
  • TownSalem
  • Zip01970

Building

  • BasementFull, Interior Entry
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 2
  • Rooms32
  • Stories2
  • Units8
  • Year Built1960
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.22

Interior

  • Flooring Wood

Exterior

  • RoofShingle

Utilities

  • Electric 200+ Amp Service
  • Heat SystemYes
  • Heating Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 6,656
  • Lot Size Square Feet 9,740
  • Lot Size Units Acres
  • Square Feet6,656

Amenities

  • AmenitiesPublic Transportation
  • Other AmenitiesBasement

Legal

  • ZoningR3

Other

  • Date Listed03/23/2026
  • Farm Land Area Units Square Feet
  • View Count4

Map Location

Driving Directions

Listed by Francesca Little of Little & Co.,REALTORS®

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Castles Unlimited. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.