This 2-unit multi-family home offers a fantastic opportunity for a complete renovation or a condo conversion project. Ideal for investors, contractors or developers, this property has the potential to generate income as a rental or be transformed into two individual condo units, in a highly desirable Salem location. Just minutes from Salem’s vibrant shops, restaurants, art galleries, museums, beaches, hiking trails, campgrounds, as well as convenient commuter options via the rail and ferry. Don’t miss this chance to reimagine and revitalize a piece of Salem’s history. Whether you’re looking to create an income-generating property or sell custom condos, this is a rare opportunity to make your mark in one of New England’s most sought-after cities!

Property Details

Price:
$699,000
MLS #:
73324257
Status:
Active
Beds:
6
Baths:
3
Address:
22 Prescott Street
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
Neighborhood:
South Salem
City:
Salem
Listed Date:
Jan 8, 2025
State:
MA
Finished Sq Ft:
2,594
Total Sq Ft:
2,594
ZIP:
01970
Lot Size:
4,169 sqft / 0.10 acres (approx)
Year Built:
1915
Units:
2

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, University, Other
Parking Features
Off Street
Parking Spots
2

Financial

Tax Year
2024
Taxes
$7,174

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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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22 Prescott Street
Salem, MA