1-7 Prince st & 48-54 Harbor st

Salem, MA, 01970

Multi-Family · MLS #73490150

Price/sqft

$361

Days on market

46 days

Year built

1960

Lot size

0.22 ac

6,656 sq ft

Sq Ft

0.22 acres

Lot

1960

Year Built

Taxes: $16,240 (2025)

About this home

Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a new roof on the Harbor Street building, and new insulation in both attics and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.