Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and separate electric, making it a great candidate for renovation.This home is ideal for those looking to add value with updates and repairs. See the partially finished basement and additional rooms on the third floor, along with a great backyard ready for your vision. Whether you're looking for an investment or to customize and hold, the location can't be beat: enjoy easy access to downtown Salem, Peabody shops and restaurants, public transportation, and major highways. Don't miss your chance to transform this property and build equity in a desirable North Shore location.
Sold for $701,000
$701,000
28 Bow St, Salem, MA 01970
4beds
2,128sqft
Multi Family
Built in 1900
-- sqft lot
$847,600 Zestimate®
$329/sqft
$2,549 Estimated rent
Home value
$847,600
$754,000 - $949,000
$2,549/mo
Zestimate® history
Owner options
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$2,549/mo
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$4,318/mo
Est. payment
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$4,318/mo
Est. payment
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List your homeWhat's special
Great backyardPartially finished basementSeparate electricHigh ceilingsSpacious rooms
Zillow last checked:
Listing updated:
Listed by:
Steven Mallia 978-902-4864,
RE/MAX Beacon 978-219-0011
Bought with:
Matiely Lugo-Gomez
J. Barrett & Company
Source: MLS PIN,MLS#: 73414228
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Kitchen, Laundry Room, Living RM/Dining RM Combo
- Basement: Partially Finished,Walk-Out Access,Interior Entry,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 2,128
- Total interior livable area: 2,128 sqft
- Finished area above ground: 2,128
Property
Parking
- Total spaces: 6
- Parking features: Paved Drive, Off Street, Paved
- Uncovered spaces: 6
Features
- Fencing: Fenced/Enclosed
Lot
- Size: 6,761 sqft
Details
- Parcel number: M:15 L:0111,2128536
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Other
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T-Station, University, Sidewalks
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 0
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $701,000+16.8%$329/sqft |
Source: MLS PIN #73414228 Report a problem | ||
| 8/13/2025 | Contingent | $600,000$282/sqft |
Source: MLS PIN #73414228 Report a problem | ||
| 8/6/2025 | Listed for sale | $600,000$282/sqft |
Source: MLS PIN #73414228 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,675 +4.8% | $676,800 +7.4% |
| 2024 | $7,321 +3% | $630,000 +10.9% |
| 2023 | $7,107 | $568,100 |
| 2022 | $7,107 +5.5% | $568,100 +16.3% |
| 2021 | $6,739 +3.2% | $488,300 +8.1% |
| 2020 | $6,527 +1.3% | $451,700 +5.8% |
| 2019 | $6,445 +8.6% | $426,800 +10.6% |
| 2018 | $5,937 +8% | $386,000 +11.3% |
| 2017 | $5,499 +2.9% | $346,700 +1.6% |
| 2016 | $5,345 +3.5% | $341,100 +8.4% |
| 2015 | $5,164 +9.6% | $314,700 +11.7% |
| 2014 | $4,713 +6.7% | $281,700 -0.3% |
| 2012 | $4,415 -0.9% | $282,500 -4.5% |
| 2011 | $4,453 +0.1% | $295,900 -6.8% |
| 2010 | $4,450 -1.3% | $317,600 -9% |
| 2009 | $4,509 +2.1% | $349,000 -7.7% |
| 2008 | $4,415 +0.6% | $378,300 -7.1% |
| 2007 | $4,388 +4% | $407,400 +8.2% |
| 2006 | $4,221 +4.1% | $376,500 +5.7% |
| 2005 | $4,054 +5.1% | $356,200 +8.1% |
| 2004 | $3,858 +21.1% | $329,500 +33.1% |
| 2003 | $3,187 +12.9% | $247,600 +18.6% |
| 2002 | $2,824 +17.4% | $208,700 +31.6% |
| 1999 | $2,406 +40.9% | $158,600 +17.5% |
| 1994 | $1,708 | $135,000 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Witchcraft Heights Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Salem High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Witchcraft Heights
- Middle: Collins
- High: Salem High School
Source: MLS PIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$847,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$847,600
- Massachusetts
- Essex County
- Salem
- 01970
- 28 Bow St
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