Incredible Investment Opportunity: Discover the perfect blend of style and profitability with this remarkable multi-family property on the sought-after Lafayette St in Salem. Featuring a mix of two (2) 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units, this gem boasts stunning hardwood floors throughout and private decks for each unit. Take advantage of the potential for a lucrative portfolio by combining this property with the adjacent 2 (MLS#73210746) and 4 Chase St (MLS#73210747) which would offer 6 parking spaces for this building. Seller pays for heat and hot water and rents are well below market. See attached OM for detailed income/expenses including pro forma numbers.
Sold for $1,700,000
$1,700,000
199-201 Lafayette St, Salem, MA 01970
10beds
6,140sqft
5-9 Family
Built in 1915
-- sqft lot
$-- Zestimate®
$277/sqft
$2,726 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,726/mo
Zestimate® history
Owner options
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$2,726/mo
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$2,726/mo
Rent Zestimate®
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$10,647/mo
Est. payment
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$10,647/mo
Est. payment
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Private decksHot water
Zillow last checked:
Listing updated:
Listed by:
Francesca Little 978-973-7277,
Little & Co., REALTORS® 978-745-4447,
Francesca Little 978-973-7277
Bought with:
Francesca Little
Little & Co., REALTORS®
Source: MLS PIN,MLS#: 73210745
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Hot Water
Features
- Laundry Room
- Flooring: Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,140
- Total interior livable area: 6,140 sqft
Property
Features
- Patio & porch: Covered
Lot
- Size: 4,082 Square Feet
- Features: Other
Details
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Brick
- Foundation: Stone
- Roof: Rubber
Condition
- Year built: 1915
Utilities & green energy
- Electric: 60 Amps/Less
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation
Location
- Region: Salem
Financial & listing details
- Price per square foot: $277/sqft
- Tax assessed value: $1,193,400
- Annual tax amount: $13,539
- Date on market: 1/18/2026
- Total actual rent: 11999
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2024 | Sold | $1,700,000-19%$277/sqft |
Source: MLS PIN #73210745 Report a problem | ||
| 3/11/2024 | Listed for sale | $2,100,000$342/sqft |
Source: MLS PIN #73210745 Report a problem | ||
| 11/3/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/9/2023 | Listed for rent | $2,200-7.4% |
Source: Zillow Rentals Report a problem | ||
| 7/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/5/2023 | Listed for rent | $2,375 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 01970
Nearby homes
- $774,8002 bd2 ba2.2k sqft197 Lafayette St, Salem, MA 01970Off Market
- $3,4953 bd1 ba1.2k sqft197 Lafayette St #1, Salem, MA 01970For Rent
- $--2 bd1 ba1.1k sqft197 Lafayette St #1B, Salem, MA 01970Off Market
- $1,2501 bd1 ba1k sqft2 Chase St #1, Salem, MA 01970For Rent
- $--2 bd1 ba1.1k sqft2 Chase St FLOOR 3, Salem, MA 01970Off Market
- $2,8503 bd1 ba1.3k sqft4 Chase St FLOOR 2, Salem, MA 01970For Rent
- $--3 bd1 ba1.3k sqft4 Chase St APT 1, Salem, MA 01970Off Market
- $--3 bd1 ba1.2k sqft4 Chase St FLOOR 3, Salem, MA 01970Off Market
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.6 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.7 mi
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- Massachusetts
- Essex County
- Salem
- 01970
- 199-201 Lafayette St
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