233 Lafayette

Salem, MA, 01970

Multi-Family · MLS #73576567

Price/sqft

$434

Days on market

5 days

Year built

1915

Lot size

0.24 ac

26 full

Baths

17,744 sq ft

Sq Ft

0.24 acres

Lot

1915

Year Built

Taxes: $51,331 (2026)

About this home

Rare opportunity to acquire a fully renovated 26-unit brick asset in one of Salems most active rental markets. The Property consists of twelve (12) one-bedroom units, six (6) two-bedroom units and eight (8) studios. 233 Lafayette Street offers investors immediate scale, strong in-place income, and a true turnkey profile with major capital improvements already executed. The property has undergone an extensive renovation in 2020, including a new roof, fully upgraded electrical, new boilers and hot water storage and a new sprinkler system. Unit interiors have been upgraded across the board with updated kitchens and baths with 15 of the units featuring in-unit laundry. See attached OM for detailed financials.

Location

233 Lafayette, Salem, MA, 01970

Listed by Francesca Little · Little & Co., REALTORS®

Schedule a showing

233 Lafayette

Estimated payment

$48,256 / month

Down payment20% · $1,539,800

Interest rate6.95%

Loan term

Principal & interest: $40,771
Property tax: $4,278
Home insurance: $3,208

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.