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.
For sale
$1,625,000
24 Saunders St, Salem, MA 01970
8beds
5,795sqft
5+ Family - 5+ Units Up/Down
Built in 1800
-- sqft lot
$-- Zestimate®
$280/sqft
$-- HOA
What's special
Italianate-style buildingDistinctive architectural characterCoin-operated laundryBasement storageHardwood floorsAbundant natural lightHigh ceilings
- 4 days
- 611
- 34
Zillow last checked:
Listing updated:
Listed by:
Dan Pouladian 617-548-7737,
North Shore Realty Advisors 617-548-7737,
Sara Pouladian 617-910-6646
Source: MLS PIN,MLS#: 73592435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Heating
- Oil
Features
- Living Room, Dining Room, Kitchen, Office/Den
- Flooring: Tile, Vinyl, Varies, Hardwood
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 5,795
- Total interior livable area: 5,795 sqft
- Finished area above ground: 5,795
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Waterfront features: Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 5,397 Square Feet
- Features: Corner Lot
Details
- Foundation area: 9999
- Parcel number: M:0036 B:0113 L:0000,2137240
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Stone
- Roof: Shingle,Rubber
Condition
- Year built: 1800
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Location
- Region: Salem
Financial & listing details
- Price per square foot: $280/sqft
- Tax assessed value: $1,463,900
- Annual tax amount: $17,023
- Date on market: 10/19/2026
- Total actual rent: 9975
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Listed for sale | $1,625,000$280/sqft |
Source: MLS PIN #73592435 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 01970
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