We are pleased to present this multifamily offering which consists of 9 units, with on street parking. This deal includes a 2-unit and a 7-unit building, both connected by a well maintained outdoor entranceway. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and management efficiencies. The property features unique finishes due to the historic nature offering residents a unique product in the area. The property is ideally located in a quiet residential neighborhood that is a short walk to Salem Harbor and other local attractions such as the restaurants and boutiques that make up the area.

Property Details

Price:
$2,125,000
MLS #:
73366028
Status:
Active
Beds:
9
Baths:
9
Address:
8-8.5 Herbert Street
Type:
Multi Family
Subtype:
5-9 Family
City:
Salem
Listed Date:
Apr 29, 2025
State:
MA
Finished Sq Ft:
7,452
Total Sq Ft:
7,452
ZIP:
01970
Year Built:
1850
Units:
9

Schools

Interior

Appliances
Refrigerator
Bathrooms
9 Full Bathrooms

Exterior

Financial

Tax Year
99
Taxes
$99

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.,…

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8-8.5 Herbert Street
Salem, MA