Investor's dream! Unlock immense potential with a total of eight 2-bedroom, 1-bath apartments in two separate 4 unit buildings situated on one parcel with 10 parking spaces in a paved lot. Separate electric. Rent includes heat/hot water. Currently, tenants are TAW, offering the chance to maximize returns as rents are currently well below market rates. Constructed in 1960, one building features an updated circuit breaker panel, recent roof replacement (2018) and updated kitchens, while the other one has newer vinyl siding (2020) but needs fuse panel and roof replacement . Insulated replacement windows in both structures, enhancing energy efficiency. Don't miss out on this potentially lucrative investment opportunity! Group Showings to well-qualified buyers on Saturday, April 27th at 11AM BY APPOINTMENT ONLY!
Sold for $1,750,000
$1,750,000
1-7 Prince St, Salem, MA 01970
16beds
6,656sqft
5-9 Family
Built in 1960
-- sqft lot
$-- Zestimate®
$263/sqft
$3,669 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,669/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Armstrong Field Team 844-740-8700,
Armstrong Field Real Estate 978-740-8700,
Jim Armstrong 978-394-6736
Bought with:
Francesca Little
Little & Co., REALTORS®
Source: MLS PIN,MLS#: 73228864
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Oil
Appliances
- Included: Range, Refrigerator
Features
- Living Room, Kitchen
- Flooring: Wood, Vinyl
- Windows: Insulated Windows
- Basement: Full,Interior Entry,Concrete
- Has fireplace: No
Interior area
- Total structure area: 6,656
- Total interior livable area: 6,656 sqft
Property
Parking
- Total spaces: 10
- Parking features: Paved Drive, Off Street, Assigned, Paved
- Uncovered spaces: 10
Features
- Waterfront features: 1/2 to 1 Mile To Beach
Lot
- Size: 9,740 Square Feet
- Features: Corner Lot
Details
- Parcel number: M:34 L:0341,4078867
- 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: Fuses, Circuit Breakers, Individually Metered
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park
Location
- Region: Salem
Financial & listing details
- Price per square foot: $263/sqft
- Tax assessed value: $1,101,900
- Annual tax amount: $12,804
- Date on market: 9/25/2026
- Total actual rent: 3770
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Listing removed | $1,275,000$192/sqft |
Source: MLS PIN #73570004 Report a problem | ||
| 10/2/2026 | Contingent | $1,275,000$192/sqft |
Source: MLS PIN #73570004 Report a problem | ||
| 8/31/2026 | Listed for sale | $1,275,000-27.1%$192/sqft |
Source: MLS PIN #73570004 Report a problem | ||
| 8/16/2024 | Sold | $1,750,000+2.9%$263/sqft |
Source: MLS PIN #73228864 Report a problem | ||
| 4/25/2024 | Listed for sale | $1,700,000$255/sqft |
Source: MLS PIN #73228864 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,240 +26.8% | $1,432,100 +30% |
| 2024 | $12,804 +5.4% | $1,101,900 +13.5% |
| 2023 | $12,145 | $970,800 |
| 2022 | $12,145 +1.3% | $970,800 +11.8% |
| 2021 | $11,985 +6.9% | $868,500 +11.9% |
| 2020 | $11,213 +6.1% | $776,000 +10.9% |
| 2019 | $10,567 +11% | $699,800 +13.1% |
| 2018 | $9,517 +8.3% | $618,800 +11.7% |
| 2017 | $8,786 +1.2% | $554,000 |
| 2016 | $8,681 +15.2% | $554,000 +20.6% |
| 2015 | $7,535 -3.7% | $459,200 -1.8% |
| 2014 | $7,823 +6% | $467,600 -0.9% |
| 2012 | $7,377 -12% | $472,000 -15.2% |
| 2011 | $8,381 +5.3% | $556,900 -2% |
| 2010 | $7,962 -5.1% | $568,300 -12.5% |
| 2009 | $8,394 +6.1% | $649,700 -4.2% |
| 2008 | $7,912 +5.2% | $678,000 -2.9% |
| 2007 | $7,521 | $698,300 |
Find assessor info on the county website
Neighborhood: 01970
Nearby homes
- $--2 bd1 ba780 sqft1-7 Prince St #3, Salem, MA 01970Off Market
- $--2 bd1 ba750 sqft54 Harbor St #54, Salem, MA 01970Off Market
- $--2 bd1 ba750 sqft50 Harbor St #50, Salem, MA 01970Off Market
- $1,9502 bd1 ba750 sqft22-24 Prince St #3, Salem, MA 01970For Rent
- $--2 bd1 ba750 sqft22-24 Prince St #2, Salem, MA 01970Off Market
- $--3 bd1 ba1.2k sqft48-50 Prince St #2, Salem, MA 01970Off Market
- $432,8002 bd1 ba1.1k sqft56 Harbor St, Salem, MA 01970Off Market
- $1,040,0008 bd4 ba3.9k sqft42 Harbor St, Salem, MA 01970Sold
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.3 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.8 mi
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An equal housing lender. NMLS #10287.
- Massachusetts
- Essex County
- Salem
- 01970
- 1-7 Prince St
