For sale

Price cut: $150K (6/18)

$2,400,000

1-7 Prince St #&-48-54, Salem, MA 01970

16beds

6,656sqft

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5-9 Family

Built in 1960

-- sqft lot

$-- Zestimate^®

$361/sqft

$-- HOA

What's special

Basement storageUpdated electricalStainless steel appliances

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.

122 days

255

13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8
Full bathrooms: 8

Heating

Features

Flooring: Wood
Basement: Full,Interior Entry
Has fireplace: No

Interior area

Total structure area: 6,656
Total interior livable area: 6,656 sqft
Finished area above ground: 6,656

Property

Parking

Total spaces: 10
Parking features: Off Street
Uncovered spaces: 10

Lot

Size: 9,740 Square Feet
Features: Corner Lot

Details

Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: 5-9 Family

Materials

Frame
Foundation: Concrete Perimeter
Roof: Shingle

Condition

Year built: 1960

Utilities & green energy

Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation

Location

Region: Salem

Financial & listing details

Price per square foot: $361/sqft
Tax assessed value: $1,432,100
Annual tax amount: $16,240
Date on market: 3/23/2026
Total actual rent: 18900

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/18/2026	Price change	$2,400,000-5.9%$361/sqft
Source: MLS PIN #73490150 Report a problem
6/1/2026	Price change	$2,550,000-3.8%$383/sqft
Source: MLS PIN #73490150 Report a problem
3/23/2026	Listed for sale	$2,650,000$398/sqft
Source: MLS PIN #73490150 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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