For sale

Price cut: $50K (8/17)

$950,000

249 Loring Ave, Salem, MA 01970

6beds

3,342sqft

$6,144/mo

Get pre-qualified

2 Family - 2 Units Up/Down

Built in 1930

-- sqft lot

$932,200 Zestimate^®

$284/sqft

$-- HOA

What's special

Dining roomHardwood floorsTwo oversized two-level apartments

Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 5 car parking plus 2 garages. All separate utilities.

57 days

534

22

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Full bathrooms: 6

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,342
Total interior livable area: 3,342 sqft
Finished area above ground: 3,342

Property

Parking

Total spaces: 8
Parking features: Paved Drive
Garage spaces: 2
Uncovered spaces: 6

Lot

Size: 5,606 Square Feet

Details

Parcel number: 2133882
Zoning: R1

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 Family - 2 Units Up/Down

Materials

Foundation: Concrete Perimeter

Condition

Year built: 1930

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Salem

Financial & listing details

Price per square foot: $284/sqft
Tax assessed value: $936,800
Annual tax amount: $10,188
Date on market: 6/26/2026
Total actual rent: 7300

Estimated market value

$932,200

$886,000 - $979,000

$3,002/mo

Price history

Date	Event	Price
8/17/2026	Price change	$950,000-5%$284/sqft
Source: MLS PIN #73542504 Report a problem
7/21/2026	Price change	$999,999-4.8%$299/sqft
Source: MLS PIN #73542504 Report a problem
6/26/2026	Listed for sale	$1,050,000+184.9%$314/sqft
Source: MLS PIN #73542504 Report a problem
6/5/2013	Listing removed	$368,500$110/sqft
Source: Ralph Leonard Associates #71513391 Report a problem
4/23/2013	Listed for sale	$368,500+2.8%$110/sqft
Source: Ralph Leonard Associates #71513391 Report a problem
8/14/2012	Listing removed	$358,500$107/sqft
Source: Ralph Leonard Associates #71359828 Report a problem
4/3/2012	Listed for sale	$358,500-0.4%$107/sqft
Source: Ralph Leonard Associates #71359828 Report a problem
12/24/2011	Listing removed	$359,900$108/sqft
Source: J. Barrett & Company #71247538 Report a problem
12/9/2011	Price change	$359,900-2.7%$108/sqft
Source: J. Barrett & Company #71247538 Report a problem
3/30/2011	Listed for sale	$369,900$111/sqft
Source: RE/MAX Advantage Real Estate #71206260 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,596 +3.5%	$846,200 +6%
2024	$9,275 +2.3%	$798,200 +10.1%
2023	$9,070	$725,000
2022	$9,070 +6%	$725,000 +16.9%
2021	$8,559 +5%	$620,200 +10%
2020	$8,148 +1.7%	$563,900 +6.3%
2019	$8,008 +8.7%	$530,300 +10.7%
2018	$7,367 +3%	$479,000 +6.2%
2017	$7,151 +5.9%	$450,900 +4.7%
2016	$6,751 +3.9%	$430,800 +8.8%
2015	$6,500 +30.4%	$396,100 +32.9%
2014	$4,986 +4.3%	$298,000 -2.6%
2012	$4,780 +0.7%	$305,800 -3.1%
2011	$4,748 +3.6%	$315,500 -3.5%
2010	$4,583 +1.9%	$327,100 -6.1%
2009	$4,499 +4.5%	$348,200 -5.6%
2008	$4,304 +5.9%	$368,800 -2.3%
2007	$4,064 +0.6%	$377,300 +4.7%
2006	$4,040 +4.2%	$360,400 +5.8%
2005	$3,877 +3.7%	$340,700 +6.7%
2004	$3,739 +17.1%	$319,300 +28.7%
2003	$3,193 +16.4%	$248,100 +22.3%
2002	$2,744 -1.9%	$202,800 +10%
1999	$2,797 +51.5%	$184,400 +26.4%
1994	$1,846	$145,900