2–4 Saunders Street is a six-unit multifamily investment in Salem’s historic Bridge Street Neck neighborhood. Offered for the first time in more than 20 years, the property combines distinctive architectural character with value-add potential. Originally constructed in 1873 as the Arthur & George Phippen Double House, the Italianate-style building contains 8,792± square feet of total building area and 5,795± square feet of rentable living area. The unit mix includes one (1) one-bedroom apartment, four (4) one-bedroom-plus-office apartments, and one (1) two-bedroom, 1.5-bathroom townhome. The residences feature spacious layouts, high ceilings, abundant natural light, and hardwood floors. Coin-operated laundry provides supplemental income, while basement storage offers an additional revenue opportunity. Within walking distance of public transportation, neighborhood restaurants, Salem Common, Downtown Salem, and the waterfront, the property offers convenient access to the city’s primary amenities and enduring rental appeal.

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Basic Information

Gross Income $119,700
Lot Features Corner Lot
Mls StatusNew
Parcel Number M:0036 B:0113 L:0000,2137240
Rent Includes Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Electric, Water, Hot Water), Unit 4(Heat, Water, Hot Water)

Tax Information

Tax Assessed Value $1,463,900
Tax Year 2026
Taxes$17,023

Parking

Open Parking YN Yes
Parking Features On Street
Parking Spaces

Rooms

Bathroom7
Bathrooms Total Decimal 6.5
Bedrooms8
Full Bath6
Half Baths1

Basic Information

List Price$1,625,000
MLS Number73592435
Modification Date10/19/2026
Property SubType5+ Family - 5+ Units Up/Down

Location

Address2-4 Saunders Street
Building Number2-4
CountyEssex
StateMA
StreetSaunders Street
TownSalem
Zip01970

Building

BasementFull
Building Area Units Square Feet
FoundationStone
Foundation Area 9999
Levels 7
Rooms24
Stories7
Units6
Utilities For Gas Range
Year Built1800
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.12

Interior

Flooring Tile, Vinyl, Varies, Hardwood
Interior Features Living Room, Dining Room, Kitchen, Office/Den

Exterior

RoofShingle, Rubber

Utilities

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

Property Information

Building Area Source Public Records
Living Area 5,795
Lot Size Square Feet 5,397
Lot Size Units Acres
Square Feet5,795

Amenities

AmenitiesPublic Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Other AmenitiesBasement

Water Body

Miles to Beach0.1
Waterfront Features Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)

Legal

ZoningR2

Other

Date Listed10/19/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA