Opportunity Knocks! Two-Family on the Peabody/Salem Line. Investors, contractors, and savvy buyers – bring your vision to this two-family home ideally located on the Peabody/Salem line. This property offers tremendous potential with solid bones and expansion potential, perfect for rental income, multigenerational living, or future resale. Each unit features spacious rooms, high ceilings, and separate electric, making it a great candidate for renovation.This home is ideal for those looking to add value with updates and repairs. See the partially finished basement and additional rooms on the third floor, along with a great backyard ready for your vision. Whether you’re looking for an investment or to customize and hold, the location can’t be beat: enjoy easy access to downtown Salem, Peabody shops and restaurants, public transportation, and major highways. Don’t miss your chance to transform this property and build equity in a desirable North Shore location.
Property Details
Price:
$600,000
MLS #:
73414228
Status:
Active
Beds:
4
Baths:
2.5
Address:
28 Bow St
Type:
Multi Family
City:
Salem
Listed Date:
Aug 6, 2025
State:
MA
Finished Sq Ft:
2,128
Total Sq Ft:
2,128
ZIP:
01970
Lot Size:
6,761 sqft / 0.16 acres (approx)
Year Built:
1900
Units:
2
Schools
Elementary School:
Witchcraft Heights
Middle School:
Collins
High School:
Salem High School
Interior
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Public School, T- Station, University, Sidewalks
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
6
Roof
Shingle
Financial
Tax Year
2025
Taxes
$7,675
Map
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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.,…
More About JamesCourtesy of Martel Real Estate. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
28 Bow St
Salem, MA
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