Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you're looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.
Sold for $1,149,000
$1,149,000
47 Winthrop St, Salem, MA 01970
7beds
2,858sqft
3 Family
Built in 1915
-- sqft lot
$1,175,800 Zestimate®
$402/sqft
$3,475 Estimated rent
Home value
$1,175,800
$1.07M - $1.29M
$3,475/mo
Zestimate® history
Owner options
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$3,475/mo
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$3,475/mo
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$7,075/mo
Est. payment
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$7,075/mo
Est. payment
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List your homeWhat's special
Stylish finishesGenerous living spaceModern kitchensUpdated bathsFully renovated unitsExterior improvementsBeautiful hardwood floors
Zillow last checked:
Listing updated:
Listed by:
The Alianza Group 978-693-5643,
Nina-Soto Realty, LLC 978-594-1292
Bought with:
Michael Buckley
Newhall Real Estate
Source: MLS PIN,MLS#: 73381487
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Hot Water, Natural Gas, Forced Air, Heat Pump, Oil
Cooling
- Heat Pump
Appliances
- Included: ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Refrigerator
Features
- Laundry Room, Stone/Granite/Solid Counters, High Speed Internet, Upgraded Cabinets, Bathroom With Tub & Shower, Smart Thermostat, Remodeled, Living Room, Kitchen, Dining Room
- Flooring: Tile, Hardwood
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,858
- Total interior livable area: 2,858 sqft
- Finished area above ground: 2,858
Property
Parking
- Total spaces: 1
- Parking features: Paved Drive, Off Street
- Uncovered spaces: 1
Features
- Patio & porch: Porch
- Exterior features: Rain Gutters
Lot
- Size: 2,997 sqft
- Features: Level
Details
- Parcel number: M:25 L:0520,2131926
- Zoning: B1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Frame
- Foundation: Stone
- Roof: Slate,Rubber
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University, Sidewalks
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 8422
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/18/2025 | Sold | $1,149,000+9.4%$402/sqft |
Source: MLS PIN #73381487 Report a problem | ||
| 6/5/2025 | Contingent | $1,050,000$367/sqft |
Source: MLS PIN #73381487 Report a problem | ||
| 5/28/2025 | Listed for sale | $1,050,000+40%$367/sqft |
Source: MLS PIN #73381487 Report a problem | ||
| 8/31/2022 | Sold | $750,000+0%$262/sqft |
Source: MLS PIN #73005387 Report a problem | ||
| 6/29/2022 | Listed for sale | $749,900$262/sqft |
Source: MLS PIN #73005387 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,806 +15.5% | $776,500 +18.4% |
| 2024 | $7,623 +3.2% | $656,000 +11.1% |
| 2023 | $7,386 | $590,400 |
| 2022 | $7,386 +3.2% | $590,400 +13.8% |
| 2021 | $7,158 +7.5% | $518,700 +12.5% |
| 2020 | $6,661 +0.7% | $461,000 +5.3% |
| 2019 | $6,614 +7.5% | $438,000 +9.5% |
| 2018 | $6,150 +6.6% | $399,900 +9.9% |
| 2017 | $5,770 +2.7% | $363,800 +1.5% |
| 2016 | $5,619 +2.5% | $358,600 +7.3% |
| 2015 | $5,483 +14.5% | $334,100 +16.7% |
| 2014 | $4,790 +6.8% | $286,300 -0.2% |
| 2012 | $4,483 -0.5% | $286,800 -4.2% |
| 2011 | $4,504 +0.6% | $299,300 -6.4% |
| 2010 | $4,478 -3.9% | $319,600 -11.4% |
| 2009 | $4,659 +2.7% | $360,600 -7.3% |
| 2008 | $4,537 +0.8% | $388,800 -6.9% |
| 2007 | $4,500 +6% | $417,800 +10.3% |
| 2006 | $4,246 +3.8% | $378,800 +5.4% |
| 2005 | $4,090 +4.7% | $359,400 +7.8% |
| 2004 | $3,905 +23.6% | $333,500 +35.8% |
| 2003 | $3,160 +11% | $245,500 +16.7% |
| 2002 | $2,847 +30.4% | $210,400 +46.2% |
| 1999 | $2,183 +15% | $143,900 -4.1% |
| 1994 | $1,899 | $150,100 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.5 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.5 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.4 mi
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Estimated market value
$1,175,800
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
$1,175,800
- Massachusetts
- Essex County
- Salem
- 01970
- 47 Winthrop St
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