Sold for $855,000

$855,000

4 Lemon Street Ct, Salem, MA 01970

5beds

2,005sqft

Multi Family

Built in 1880

-- sqft lot

$858,600 Zestimate^®

$426/sqft

$3,500 Estimated rent

Home value

$858,600

$781,000 - $944,000

$3,500/mo

Zestimate^® history

Owner options

List your home for rent

$3,500/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$3,500/mo

Rent Zestimate^®

Refinance and save

$5,337/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$5,337/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

In-unit laundryOpen-concept kitchenHardwood floorsStainless steel appliancesCherry cabinetsGranite counters

Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you'll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Storage, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Open Floorplan, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo
Flooring: Wood, Tile, Carpet, Hardwood, Stone/Ceramic Tile
Doors: Insulated Doors
Windows: Insulated Windows
Basement: Full,Interior Entry,Unfinished
Has fireplace: No

Interior area

Total structure area: 2,005
Total interior livable area: 2,005 sqft
Finished area above ground: 2,005

Property

Parking

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

Features

Exterior features: Rain Gutters
Waterfront features: Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)

Lot

Size: 2,400 Square Feet
Features: Level

Details

Additional structures: Shed(s)
Parcel number: M:36 L:0049,2137174
Zoning: R2

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Foundation: Stone
Roof: Shingle

Condition

Year built: 1880

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Electric Range, for Electric Dryer, Washer Hookup

Community & HOA

Community

Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University

Location

Region: Salem

Financial & listing details

Price per square foot: $426/sqft
Tax assessed value: $763,000
Annual tax amount: $8,652
Date on market: 12/23/2025
Listing terms: Contract
Total actual rent: 4652
Road surface type: Paved

Price history

Date	Event	Price
7/8/2025	Sold	$855,000+0.6%$426/sqft
Source: MLS PIN #73367401 Report a problem
4/30/2025	Listed for sale	$850,000+58.9%$424/sqft
Source: MLS PIN #73367401 Report a problem
7/31/2018	Sold	$535,000$267/sqft
Source: Public Record Report a problem
6/19/2018	Pending sale	$535,000$267/sqft
Source: Armstrong Field Real Estate #72340400 Report a problem
6/6/2018	Listed for sale	$535,000+16.3%$267/sqft
Source: Armstrong Field Real Estate #72340400 Report a problem
6/8/2015	Sold	$460,000+4.6%$229/sqft
Source: Public Record Report a problem
5/21/2015	Pending sale	$439,900$219/sqft
Source: Atlantic Coast Homes #71833636 Report a problem
5/11/2015	Listed for sale	$439,900+174.9%$219/sqft
Source: Atlantic Coast Homes #71833636 Report a problem
3/14/2014	Sold	$160,000+3.2%$80/sqft
Source: Public Record Report a problem
11/28/2013	Listed for sale	$155,000-32.8%$77/sqft
Source: Prudential Prime Properties #71612176 Report a problem
8/16/2012	Sold	$230,604+53.7%$115/sqft
Source: Public Record Report a problem
6/26/2012	Listed for sale	$150,000-33.9%$75/sqft
Source: Armstrong Field Real Estate #71401697 Report a problem
11/15/2001	Sold	$227,000$113/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,652 +4.4%	$763,000 +7%
2024	$8,287 +1.4%	$713,200 +9.2%
2023	$8,169	$653,000
2022	$8,169 +4.3%	$653,000 +15.1%
2021	$7,830 +5.3%	$567,400 +10.3%
2020	$7,436 +19%	$514,600 +24.3%
2019	$6,251 +7.8%	$414,000 +9.8%
2018	$5,801 +6.8%	$377,200 +10.2%
2017	$5,430 +2.5%	$342,400 +1.3%
2016	$5,295 +27.3%	$337,900 +33.3%
2015	$4,160 +13.6%	$253,500 +15.9%
2014	$3,661 +7.4%	$218,800 +0.3%
2012	$3,409 +1.9%	$218,100 -1.9%
2011	$3,346 -3.1%	$222,300 -9.8%
2010	$3,453 -3.6%	$246,500 -11.1%
2009	$3,581 +1.7%	$277,200 -8.1%
2008	$3,521 +0.3%	$301,700 -7.5%
2007	$3,512 +6.8%	$326,100 +11.2%
2006	$3,288 +4.2%	$293,300 +5.8%
2005	$3,156 +3.3%	$277,300 +6.3%
2004	$3,055 +28.8%	$260,900 +41.6%
2003	$2,372 +13%	$184,300 +18.8%
2002	$2,099 +37.8%	$155,100 +54.5%
1999	$1,523 +31.3%	$100,400 +9.5%
1994	$1,160	$91,700