41 Salem Street is a three-story residential investment property. The unit matrix consists of one (1), 1-Bedroom/1-Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1-Bathroom units in 5,320 square feet of living area on a .072-acre parcel. All units have updated kitchens with granite countertops and dishwashers. The Property is separately metered for electric, and electric heat, which the tenants pay directly. The Landlord is responsible for common area electric, gas-fired hot water, and domestic water and sewer. The Property is well-located on Salem Street, just over a half-mile away from Salem’s Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city’s residents.

Property Details

Price:
$1,500,000
MLS #:
73340304
Status:
Active
Beds:
13
Baths:
6
Address:
41 St Salem
Type:
Multi Family
Subtype:
5-9 Family
City:
Salem
Listed Date:
Mar 3, 2025
State:
MA
Finished Sq Ft:
5,320
Total Sq Ft:
5,320
ZIP:
01970
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1915
Units:
6

Schools

Interior

Bathrooms
6 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T- Station, University
Roof
Slate

Financial

Net Operating Income
$87,373
Tax Year
25
Taxes
$15,794

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

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 James
41 St Salem
Salem, MA