Opportunity awaits! Whether you're an investor looking to grow your portfolio, or you're looking to purchase your first multi to live in one of the units while generating rental income, this is the best of both worlds. Unit 1 was just completely renovated. Hardwood floors, quartz countertops, shaker cabinets, stainless appliances. Live in unit 1, and collect rent from unit 2. Or rent unit 1 to generate 7K cash flow per month. Located on the corner of Summer and Prescott street within a quarter mile of The Salem Post Office, Steve's Market, The Derby and much more. Enjoy all that downtown Salem has to offer - Don't miss out! Basement has been completely renovated. New electrical in the last 18 months. Brand new Washer/Dryer coin ops. Brand new exterior decks.
Sold for $880,000
$880,000
81 Summer St, Salem, MA 01970
7beds
2,690sqft
Multi Family
Built in 1914
-- sqft lot
$983,900 Zestimate®
$327/sqft
$2,964 Estimated rent
Home value
$983,900
$925,000 - $1.05M
$2,964/mo
Zestimate® history
Owner options
List your home for rent
$2,964/mo
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$2,964/mo
Rent Zestimate®
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$5,421/mo
Est. payment
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$5,421/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Herrick Lutts Realty Partners 978-927-1959,
Herrick Lutts Realty Partners 978-927-1959,
Patrick Sargent 978-766-5866
Bought with:
Peggy Pratt
Century 21 North East
Source: MLS PIN,MLS#: 73200448
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Included: Range, Dishwasher, Refrigerator, Freezer, Microwave
Features
- Living Room, Kitchen, Office/Den, Dining Room
- Flooring: Wood
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,690
- Total interior livable area: 2,690 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Exterior features: Rain Gutters
Lot
- Size: 4,974 sqft
- Features: Corner Lot
Details
- Parcel number: 2132055
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Stone
- Roof: Slate
Condition
- Year built: 1914
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, Public School, T-Station, University
Location
- Region: Salem
HOA & financial
Other financial information
- Total actual rent: 7000
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2025 | Listing removed | $3,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/14/2025 | Price change | $3,100-11.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2025 | Listed for rent | $3,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/15/2024 | Sold | $880,000+0.1%$327/sqft |
Source: MLS PIN #73200448 Report a problem | ||
| 2/11/2024 | Contingent | $879,000$327/sqft |
Source: MLS PIN #73200448 Report a problem | ||
| 2/7/2024 | Listed for sale | $879,000$327/sqft |
Source: MLS PIN #73200448 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,549 +5.5% | $753,900 +8.1% |
| 2024 | $8,104 +2.4% | $697,400 +10.3% |
| 2023 | $7,913 | $632,500 |
| 2022 | $7,913 +5.6% | $632,500 +16.5% |
| 2021 | $7,491 +3.3% | $542,800 +8.1% |
| 2020 | $7,255 +1% | $502,100 +5.6% |
| 2019 | $7,182 +7.2% | $475,600 +9.2% |
| 2018 | $6,698 +6.7% | $435,500 +10% |
| 2017 | $6,279 +2.5% | $395,900 +1.3% |
| 2016 | $6,124 +6% | $390,800 +11% |
| 2015 | $5,778 +13.3% | $352,100 +15.5% |
| 2014 | $5,101 +7.3% | $304,900 +0.3% |
| 2012 | $4,753 -1% | $304,100 -4.7% |
| 2011 | $4,802 +0.2% | $319,100 -6.8% |
| 2010 | $4,794 -0.7% | $342,200 -8.5% |
| 2009 | $4,829 +2.5% | $373,800 -7.4% |
| 2008 | $4,712 +0.4% | $403,800 -7.4% |
| 2007 | $4,695 +5.6% | $435,900 +9.9% |
| 2006 | $4,448 +3.9% | $396,800 +5.4% |
| 2005 | $4,282 +4.9% | $376,300 +7.9% |
| 2004 | $4,083 +27.9% | $348,700 +40.6% |
| 2003 | $3,192 +15% | $248,000 +20.9% |
| 2002 | $2,776 +48.5% | $205,200 +66.6% |
| 1999 | $1,869 +16.2% | $123,200 -3.1% |
| 1994 | $1,609 | $127,200 |
Find assessor info on the county website
Neighborhood: 01970
Nearby schools
GreatSchools rating
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.4 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
- 6/10Collins Middle SchoolGrades: 6-8Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Saltonstall
- Middle: Collins
- High: Salem
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
$983,900
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
$983,900
- Massachusetts
- Essex County
- Salem
- 01970
- 81 Summer St
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