Outstanding opportunity to own a well-maintained three-family property in the highly sought-after North Salem neighborhood. This classic multi-family offers three spacious units with separate utilities, off-street parking, and a strong rental history. Located just minutes from downtown Salem, the commuter rail, shops, and restaurants, the property is ideal for both investors and owner-occupants. First floor unit will be delivered vacant, providing flexibility for immediate occupancy or rental upside. A rare chance to secure a solid income-producing asset in a prime location. No Showings until first open house Saturday 6/14 11am-1pm

Property Details

Price:
$1,050,000
MLS #:
73389555
Status:
Active
Beds:
6
Baths:
3
Address:
11 Barr St
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Salem
Listed Date:
Jun 11, 2025
State:
MA
Finished Sq Ft:
3,044
Total Sq Ft:
3,044
ZIP:
01970
Lot Size:
3,698 sqft / 0.08 acres (approx)
Year Built:
1890
Units:
3

Schools

Elementary School:
Bates School

Interior

Bathrooms
3 Full Bathrooms
Flooring
Hardwood

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Walk/ Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
2
Roof
Shingle

Financial

Net Operating Income
$54,193
Tax Year
2025
Taxes
$8,383

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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11 Barr St
Salem, MA