Rare two family home situated on a large corner lot. Only minutes from RT95, 192 Salem Street offers it’s new owners multiple possibilities. Move into the first floor unit and rent out the unit on the second floor which is currently rented for $2,100 per month. Unit one combines thoughtful modern updates with the homes original charm. Original hardwood floors and beautiful custom woodwork throughout. In the kitchen there is updated stainless steel appliances and stone countertops. The large bathroom has undergone a complete remodel with new tile and shower. The living room looks out into the large yard with mature trees and well manicured lawn and flower beds. Unit one has its own parking spot with garage access into the basement where the washer and dryer is located. Unit two is a great rental unit currently leased until August 31, 2025. The well appointed one bedroom one bathroom apartment has its own entrance and parking area as well as in unit washer and dryer.

Property Details

Price:
$849,000
MLS #:
73396806
Status:
Active
Beds:
3
Baths:
2
Address:
192 Salem Street
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Wakefield
Listed Date:
Jun 25, 2025
State:
MA
Finished Sq Ft:
1,408
Total Sq Ft:
1,408
ZIP:
01880
Lot Size:
10,688 sqft / 0.25 acres (approx)
Year Built:
1920
Units:
2

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer, Wine Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Wood, Tile, Hardwood
Heating
Hot Water, Oil

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T- Station
Construction Materials
Frame
Other Structures
Gazebo
Parking Features
Off Street, Paved
Parking Spots
4
Roof
Shingle, Slate

Financial

Net Operating Income
$25,200
Tax Year
2025
Taxes
$7,640

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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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192 Salem Street
Wakefield, MA