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.
Sold for $855,000
$855,000
4 Lemon Street Ct, Salem, MA 01970
5beds
2,005sqft
Multi Family
Built in 1880
-- sqft lot
$876,900 Zestimate®
$426/sqft
$3,471 Estimated rent
Home value
$876,900
Estimated sales range
Not available
$3,471/mo
Zestimate® history
Owner options
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$5,265/mo
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List your homeWhat's special
In-unit laundryOpen-concept kitchenHardwood floorsStainless steel appliancesCherry cabinetsGranite counters
Zillow last checked:
Listing updated:
Listed by:
The Lopes Group 617-835-2394,
J. Barrett & Company 781-631-9800
Bought with:
David Brown
Coldwell Banker Realty - Beverly
Source: MLS PIN,MLS#: 73367401
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 sqft
- 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 & neighborhood
Community
- 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
HOA & financial
Other financial information
- Total actual rent: 4652
Other
Other facts
- Listing terms: Contract
- 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 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.2 mi
- 5/10Saltonstall SchoolGrades: K-8Distance: 1 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$876,900
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Estimated market value
$876,900
- Massachusetts
- Essex County
- Salem
- 01970
- 4 Lemon Street Ct
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