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Turnkey 4-unit investment opportunity in Salem perfect for investor or owner occupant. The Property consists four (4) 2-bedroom units, along with 5 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 newer roof, and new insulation in attic 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 $108,600
  • Lot Features Other
  • Mls StatusNew
  • Parcel Number 4078867
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water), Unit 3(Heat, Hot Water), Unit 4(Heat, Hot Water)

Tax Information

  • Tax Assessed Value $1,432,100
  • Tax Year 2025
  • Taxes$8,120

Parking

  • Parking Features Off Street
  • Parking Spaces5

Rooms

  • Bathroom4
  • Bathrooms Total Decimal 4
  • Bedrooms8
  • Full Bath4

Basic Information

  • List Price$1,275,000
  • MLS Number73570004
  • Modification Date09/01/2026
  • Property SubType4 Family

Location

  • Address1-7 Prince
  • Building Number1-7
  • CountyEssex
  • StateMA
  • StreetPrince
  • TownSalem
  • Zip01970

Building

  • BasementFull, Concrete
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 4
  • Rooms16
  • Stories4
  • Units4
  • Year Built1960
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.11

Interior

  • Flooring Wood

Exterior

  • RoofShingle

Utilities

  • Electric 200+ Amp Service
  • Electric Expense 504
  • Heat SystemYes
  • Heating Oil
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,328
  • Lot Size Square Feet 4,870
  • Lot Size Units Acres
  • Square Feet3,328

Amenities

  • AmenitiesPublic Transportation, Park, Highway Access, House of Worship, T-Station
  • Other AmenitiesBasement

Legal

  • ZoningR3

Other

  • Date Listed08/31/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

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

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