MLS #73461588 image #0
Discover the perfect blend of historic Salem charm and modern convenience in this beautifully maintained 3-family home just steps from Salem Common. Each spacious unit offers 2 bedrooms, high 9-foot ceilings, and an abundance of natural light that highlights the home’s character—including oak and pine flooring, detailed mouldings, and two bay windows in both Units 1 and 2. The first and second floors also feature fireplaces (condition unknown), adding architectural appeal and potential for restoration. All three units have updated kitchens and baths, offering a move-in-ready experience for occupants or a low-maintenance opportunity for investors. Outside, enjoy a nice yard perfect for gardening, relaxation, or tenant use, along with off-street parking for two cars in the private driveway—an invaluable benefit in this desirable Salem neighborhood. Located close to the commuter rail & downtown.
Current real estate data for Multi Family in Salem as of Feb 16, 2026
9
Multi Family Listed
275
Avg DOM
326
Avg $ / SqFt
$1,255,211
Avg List Price

Property Details

Price:
$1,260,000
MLS #:
73461588
Status:
Pending
Beds:
6
Baths:
3
Type:
Multi Family
Subtype:
3 Family
Neighborhood:
downtown
Listed Date:
Dec 11, 2025
Finished Sq Ft:
3,748
Total Sq Ft:
3,748
Lot Size:
4,922 sqft / 0.11 acres (approx)
Year Built:
1886
Units:
3
DowntownDowntown

Schools

Interior

Appliances
Range, Refrigerator, Dishwasher
Bathrooms
3 Full Bathrooms
Fireplaces Total
2
Flooring
Wood, Hardwood, Pine
Heating
Electric, Natural Gas, Baseboard
Laundry Features
Electric Dryer Hookup, Washer Hookup

Exterior

Community Features
Public Transportation, Shopping, Walk/Jog Trails, Bike Path, T-Station
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Paved
Parking Spots
2
Roof
Shingle

Financial

Net Operating Income
$84,000
Tax Year
2025
Taxes
$13,740

Map

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Property Summary

    7 Forrester St Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $1,260,000 To schedule a showing of MLS#73461588 at 7 Forrester St in Salem, MA, contact your Boardwalk Real Estate Corp. agent at 781-944-7820.

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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 James
7 Forrester St
Salem, MA