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Owner occupants, investors, contractors, and developers take notice! 61 Mason Street presents a rare opportunity to own a two-family in a highly convenient Salem location with significant potential to build equity and add value. Live in one unit and offset your mortgage with rental income, while enjoying the benefits of homeownership and long-term investment potential. The existing two-family layout, along with additional space in the attic, provides flexibility for future use or improvements. Investors will also appreciate the opportunity to grow their portfolio and unlock additional value. Ideally situated just a quick walk from vibrant downtown Salem, the commuter rail, waterfront, restaurants, shopping, parks, and museums, while remaining outside the busiest tourist areas. For those looking toward the future, the property was previously approved for a five-unit development plan, offering buyers the opportunity to explore similar redevelopment potential, subject to current approvals and buyer due diligence. Whether you're looking for a home with rental income, an investment property, or a larger development opportunity, 61 Mason Street offers a unique range of possibilities.

More Info

Basic Information

  • Mls StatusNew
  • Parcel Number M:0026 B:0092 L:0000,2132211

Tax Information

  • Tax Assessed Value $505,100
  • Tax Year 2026
  • Taxes$5,445

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces3

Rooms

  • Bathroom2
  • Bathrooms Total Decimal 2
  • Bedrooms2
  • Full Bath2

Basic Information

  • List Price$649,000
  • MLS Number73588049
  • Modification Date10/07/2026
  • Property SubTypeMulti Family

Location

  • Address61 Mason Street
  • Building Number61
  • CountyEssex
  • StateMA
  • StreetMason Street
  • TownSalem
  • Zip01970

Building

  • Building Area Units Square Feet
  • FoundationStone
  • Levels 2
  • Rooms6
  • Stories2
  • Units2
  • Year Built1850
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.13

Utilities

  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 1,874
  • Lot Size Square Feet 5,850
  • Lot Size Units Acres
  • Square Feet1,874

Other

  • Date Listed10/07/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Alex Rice of North Shore Realty Advisors

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