Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers generous floor plans with flexible living arrangements, while the property includes three off-street parking spaces conveniently located behind the building. With one unit currently vacant, new owners have the flexibility to set market rents, occupy a unit themselves, or customize it to their vision. Perfectly positioned close to downtown shops, restaurants, museums, and all that historic Salem has to offer, this is a rare chance to acquire a substantial multi-family asset in a high-demand rental market. A must-see for investors and owner-occupants alike.

Property Details

Price:
$1,100,000
MLS #:
73404047
Status:
Active
Beds:
8
Baths:
3
Address:
144 North St
Type:
Multi Family
Subtype:
3 Family
City:
Salem
Listed Date:
Jul 14, 2025
State:
MA
Finished Sq Ft:
4,250
Total Sq Ft:
4,250
ZIP:
01970
Lot Size:
4,238 sqft / 0.10 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms
Fireplaces Total
2
Flooring
Wood, Tile
Heating
Forced Air

Exterior

Exterior Features
Balcony/ Deck
Parking Features
Paved Drive, Shared Driveway
Parking Spots
3

Financial

Net Operating Income
$60,000
Tax Year
2025
Taxes
$9,763

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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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144 North St
Salem, MA