$2,650,000
1-7 Prince St & 48-54 Harbor St
Salem, MA, 01970
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.
Property Details
Price:
$2,650,000
MLS #:
73490150
Status:
Active
Beds:
16
Baths:
8
Type:
Multi Family
Subtype:
5-9 Family
Listed Date:
Mar 23, 2026
Finished Sq Ft:
6,656
Total Sq Ft:
6,656
Lot Size:
9,740 sqft / 0.22 acres (approx)
Year Built:
1960
Units:
8
Schools
Interior
Above Grade Finished Area
6656
Bathrooms
8 Full Bathrooms
Flooring
Wood
Heating
Oil
Levels
2
Exterior
Community Features
Public Transportation
Construction Materials
Frame
Lot Features
Corner Lot
Open Parking Spaces
10
Parking Features
Off Street
Parking Spots
10
Parking Total
10
Roof
Shingle
Stories
2
Financial
Tax Year
2025
Taxes
$16,240
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Map
Current real estate data for Multi Family in Salem as of May 04, 2026
20
Multi Family Listed
152
Avg DOM
325
Avg $ / SqFt
$1,205,785
Avg List Price
Community
- Address1-7 Prince St & 48-54 Harbor St Salem MA
- CitySalem
- CountyEssex
- Zip Code01970
Subdivisions in Salem
Similar Listings Nearby
Property Summary
- 1-7 Prince St & 48-54 Harbor St Salem MA is a Multi Family for sale in Salem, MA, 01970. It is listed for $2,650,000 To schedule a showing of MLS#73490150 at 1-7 Prince St & 48-54 Harbor St in Salem, MA, contact your Pegasus Realty LLC agent at 781-858-3505.
Courtesy of Little & Co., REALTORS®. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
1-7 Prince St & 48-54 Harbor St
Salem, MA