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Opportunity knocks at 8 Saunders Street in Salem! This well-maintained four-unit multifamily property offers an ideal investment opportunity in one of Salem's most desirable locations. The building consists of three spacious 2-bedroom units and one 3-bedroom unit, providing a strong and versatile rental mix. If you're looking to expand your investment portfolio this property offers tremendous potential. Conveniently located near downtown Salem's shops, restaurants, commuter rail, and waterfront attractions, tenants will appreciate the accessibility and vibrant neighborhood amenities. Multifamily opportunities of this size and configuration are hard to come by in today's market-don't miss your chance to own a valuable asset in historic Salem.

More Info

Basic Information

  • Gross Income $111,600
  • Mls StatusNew
  • Parcel Number M:0036 B:0082 L:0000,2137209

Tax Information

  • Tax Assessed Value $967,800
  • Tax Year 2026
  • Taxes$10,433

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive, Tandem, On Street
  • Parking Spaces4

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms9
  • Full Bath4

Basic Information

  • List Price$1,299,000
  • MLS Number73552285
  • Modification Date07/21/2026
  • Property SubType4 Family

Location

  • Address8 Saunders Street
  • Building Number8
  • CountyEssex
  • StateMA
  • StreetSaunders Street
  • TownSalem
  • Zip01970

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FireplaceYes
  • Fireplaces Total 2
  • FoundationStone
  • Levels 5
  • Rooms17
  • Stories5
  • Units4
  • Year Built1800
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.07

Exterior

  • RoofShingle

Utilities

  • Electric 200+ Amp Service
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Appraiser
  • Living Area 4,166
  • Lot Size Square Feet 3,123
  • Lot Size Units Acres
  • Square Feet4,166

Amenities

  • Amenities
    • House of Worship
    • Marina
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
    • T-Station
    • University
  • Other AmenitiesBasement, Fireplace

Water Body

  • Miles to Beach2
  • Waterfront Features Ocean,1 to 2 Mile To Beach, Beach Ownership(Public)

Legal

  • ZoningR2

Other

  • Date Listed07/20/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Herrick Lutts Realty Partners of Herrick Lutts Realty Partners

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