Open House Aug 10, 2025
01:00 – 03:00
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

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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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28 Bow St
Salem, MA