Pending

$969,000

39 Mason St, Salem, MA 01970

8beds

3,419sqft

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3 Family - 3 Units Up/Down

Built in 1915

-- sqft lot

$938,300 Zestimate^®

$283/sqft

$-- HOA

What's special

Separate gas heating systemsLevel backyardHigh ceilings

Well-maintained 1915 three-family in North Salem offering over 3,400 sq ft of living space with spacious 1,000–1,220 sq ft units. All three units will be delivered vacant, presenting a rare opportunity for investors or owner-occupants. Each unit features flexible 2–3 bedroom layouts, high ceilings, and separate gas heating systems (no oil). Interiors are clean and well maintained, with opportunity for cosmetic updates. Estimated market rents range from approximately $2,200–$3,000 per month per unit, depending on condition and improvements. Seller is in receipt of Letters of Compliance for Units 2, 3, and common areas. Conveniently located approximately 0.7 miles to Salem MBTA station and close to downtown Salem, shopping, dining, and area amenities. Property includes off-street parking for 3+ vehicles, basement storage, and a level backyard. Potential future uses and conversions subject to buyer due diligence and municipal approval.Located in a flood zone.

65 days

191

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3

Heating

Central, Forced Air, Natural Gas

Cooling

None

Appliances

Included: Range, Refrigerator

Features

Living Room, Dining Room, Kitchen, Family Room, Sunroom
Flooring: Vinyl, Carpet
Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,419
Total interior livable area: 3,419 sqft
Finished area above ground: 3,419

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Property

Parking

Total spaces: 3
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 3

Features

Patio & porch: Porch, Covered
Exterior features: Balcony/Deck

Lot

Size: 5,249 Square Feet
Features: Level

Details

Parcel number: M:26 L:0086,2132205
Zoning: I

Construction

Type & style

Home type: MultiFamily
Property subtype: 3 Family - 3 Units Up/Down

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1915

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Public School, T-Station, University, Sidewalks

Location

Region: Salem

Financial & listing details

Price per square foot: $283/sqft
Tax assessed value: $900,000
Annual tax amount: $9,702
Date on market: 4/27/2026
Exclusions: Personal Property
Total actual rent: 0
Road surface type: Paved

Estimated market value

$938,300

$891,000 - $985,000

$3,044/mo

Price history

Date	Event	Price
6/12/2026	Pending sale	$969,000$283/sqft
Source: MLS PIN #73506068 Report a problem
6/3/2026	Contingent	$969,000$283/sqft
Source: MLS PIN #73506068 Report a problem
4/23/2026	Listed for sale	$969,000+1103.7%$283/sqft
Source: MLS PIN #73506068 Report a problem
1/19/1988	Sold	$80,500$24/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,911 +7.5%	$785,800 +10.1%
2024	$8,293 +3.6%	$713,700 +11.6%
2023	$8,003	$639,700
2022	$8,003 +4.5%	$639,700 +15.3%
2021	$7,659 +7%	$555,000 +12%
2020	$7,160 +2.2%	$495,500 +6.8%
2019	$7,008 +9.2%	$464,100 +11.3%
2018	$6,415 +3.4%	$417,100 +6.6%
2017	$6,204 +6.7%	$391,200 +5.4%
2016	$5,817 +0.6%	$371,200 +5.3%
2015	$5,785 +14.4%	$352,500 +16.6%
2014	$5,056 +5.1%	$302,200 -1.8%
2012	$4,811 -3.2%	$307,800 -6.8%
2011	$4,970 +0.5%	$330,200 -6.4%
2010	$4,944 -4.7%	$352,900 -12.1%
2009	$5,189 +1.7%	$401,600 -8.2%
2008	$5,103 +6.1%	$437,300 -2%
2007	$4,808	$446,400

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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