Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salem’s most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.
For sale
$7,699,000
233 Lafayette St, Salem, MA 01970
32beds
17,744sqft
5+ Family - 5+ Units Up/Down
Built in 1915
-- sqft lot
$-- Zestimate®
$434/sqft
$-- HOA
What's special
New roofUpdated kitchens
- 4 days
- 424
- 11
Zillow last checked:
Listing updated:
Listed by:
Francesca Little 978-973-7277,
Little & Co., REALTORS® 978-745-4447,
Francesca Little 978-973-7277
Source: MLS PIN,MLS#: 73576567
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 26
- Full bathrooms: 26
Features
- Flooring: Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 17,744
- Total interior livable area: 17,744 sqft
- Finished area above ground: 15,889
- Finished area below ground: 1,855
Property
Lot
- Size: 10,359 Square Feet
- Features: Other
Details
- Parcel number: 2135113
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Park, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
Location
- Region: Salem
Financial & listing details
- Price per square foot: $434/sqft
- Tax assessed value: $4,256,500
- Annual tax amount: $51,331
- Date on market: 9/14/2026
- Total actual rent: 32767
Estimated market value
Not available
Estimated sales range
Not available
$2,361/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Listed for sale | $7,699,000-3.7%$434/sqft |
Source: MLS PIN #73576567 Report a problem | ||
| 5/1/2026 | Listing removed | $7,995,000$451/sqft |
Source: MLS PIN #73494351 Report a problem | ||
| 4/1/2026 | Listed for sale | $7,995,000+87%$451/sqft |
Source: MLS PIN #73494351 Report a problem | ||
| 12/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/15/2023 | Listed for rent | $2,550+12.1% |
Source: Zillow Rentals Report a problem | ||
| 7/3/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/28/2022 | Listed for rent | $2,275-1.1% |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/5/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 5/3/2022 | Price change | $2,300+31.4% |
Source: Zillow Rental Network_1 Report a problem | ||
| 3/31/2022 | Listed for rent | $1,750-27.1% |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/27/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/22/2021 | Listed for rent | $2,400+118.2% |
Source: Zillow Rental Manager Report a problem | ||
| 2/28/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/28/2020 | Listing removed | $1,100 |
Source: Owner Report a problem | ||
| 5/27/2020 | Listed for rent | $1,100-37.1% |
Source: Owner Report a problem | ||
| 3/16/2020 | Listing removed | $1,750 |
Source: TurboTenant Report a problem | ||
| 2/17/2020 | Listed for rent | $1,750-98.7% |
Source: TurboTenant Report a problem | ||
| 1/13/2020 | Sold | $4,275,000-9%$241/sqft |
Source: Public Record Report a problem | ||
| 10/25/2019 | Pending sale | $4,700,000$265/sqft |
Source: Little & Co., REALTORS� #72573891 Report a problem | ||
| 10/2/2019 | Listed for sale | $4,700,000+193.8%$265/sqft |
Source: Little & Co., REALTORS� #72573891 Report a problem | ||
| 4/24/2019 | Listing removed | $139,500$8/sqft |
Source: Owner Report a problem | ||
| 4/22/2019 | Price change | $139,500+10672.2%$8/sqft |
Source: Owner Report a problem | ||
| 4/4/2019 | Price change | $1,295-7.2% |
Source: Owner Report a problem | ||
| 3/20/2019 | Listed for rent | $1,395 |
Source: Owner Report a problem | ||
| 12/19/2018 | Listing removed | $1,395 |
Source: Owner Report a problem | ||
| 5/29/2009 | Sold | $1,600,000$90/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $51,331 +9.1% | $4,526,500 +11.8% |
| 2024 | $47,053 -2.5% | $4,049,300 +4.9% |
| 2023 | $48,271 | $3,858,600 |
| 2022 | $48,271 +83.3% | $3,858,600 +102.3% |
| 2021 | $26,328 -34.9% | $1,907,800 -31.9% |
| 2020 | $40,473 +31.9% | $2,800,900 +37.8% |
| 2019 | $30,682 +10.2% | $2,031,900 +12.2% |
| 2018 | $27,847 -3% | $1,810,600 |
| 2017 | $28,716 +1.2% | $1,810,600 |
| 2016 | $28,372 +9.7% | $1,810,600 +14.8% |
| 2015 | $25,872 +1.4% | $1,576,600 +3.4% |
| 2014 | $25,507 +7% | $1,524,600 0% |
| 2012 | $23,831 +3.9% | $1,524,700 |
| 2011 | $22,947 +7.4% | $1,524,700 |
| 2010 | $21,361 -3% | $1,524,700 -10.6% |
| 2009 | $22,023 +10.7% | $1,704,600 |
| 2008 | $19,893 +5.1% | $1,704,600 -3% |
| 2007 | $18,919 +3.9% | $1,756,600 +8.2% |
| 2006 | $18,205 +4.8% | $1,624,000 +6.4% |
| 2005 | $17,367 +9.7% | $1,526,100 +12.9% |
| 2004 | $15,835 +24.1% | $1,352,300 +36.4% |
| 2003 | $12,762 +9.7% | $991,600 +15.4% |
| 2002 | $11,629 +11.7% | $859,500 +25.3% |
| 1999 | $10,410 +22.6% | $686,200 +2.2% |
| 1994 | $8,491 | $671,200 |
Find assessor info on the county website
Monthly payment
Est. payment
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Neighborhood: 01970
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