Mixed-Use Gem in Prime Salem Location! Welcome to 124 Boston Street, a beautifully renovated mixed-use property located in vibrant Salem. This versatile building offers strong investment potential and the perfect blend of residential and commercial space, ideal for owner-occupants or investors alike.The property features two updated residential units: a spacious 1-bedroom, 1-bathroom apartment with modern finishes and abundant natural light, and a 2bedroom, 1bathroom unit, perfect for rental income or multi-generational living. At street level, a renovated commercial storefront offers prime visibility on Boston Street – a high-traffic thoroughfare connecting downtown Salem to Peabody and Route 128. The retail space is ideal for a boutique, office, salon, small cafe, bar and more. Plenty of off st parking and a 2 car detached garage. Located near schools, hospitals, downtown Salem, Highland Ave biz district and major routes like 114, 107, 128 and 1A. Schedule your private showing today!

Property Details

Price:
$899,000
MLS #:
73388804
Status:
Active
Beds:
3
Baths:
3
Address:
124 Boston St
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Salem
Listed Date:
Jun 10, 2025
State:
MA
Finished Sq Ft:
2,717
Total Sq Ft:
2,717
ZIP:
01970
Lot Size:
4,901 sqft / 0.11 acres (approx)
Year Built:
1890
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station, University
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
6
Roof
Shingle

Financial

Net Operating Income
$30,000
Tax Year
2024
Taxes
$7,912

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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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124 Boston St
Salem, MA