111 Salem Street, Boston, MA 02113
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
111 Salem Street,Boston, MA 02113
$4,995,000
- 6 Beds
- 5 Baths
- 4,492 sq. ft.
- Multi-family
- Active
Listed by: cormier collective team, mackenzie cormier
Office: serhant
MLS#:73593367
Source:MLSPIN
Price summary
- Price:$4,995,000
- Price per sq. ft.:$1,111.98
About this home
A rare opportunity to purchase a mixed use property along one of Boston's most storied commercial corridors, 111 Salem Street is ideally situated just one block from iconic Hanover Street in the heart of the North End. Offering approximately 4,500 square feet of commercial and residential space, the property combines established restaurant infrastructure, income potential, and long term flexibility. The commercial component spans three levels, including a street level restaurant, an extensively refurbished permitted lower level food preparation kitchen, and an additional level with private office and storage space. Features include walk in refrigeration, upgraded electrical systems, a service elevator with pallet lift connecting the commercial levels, and a dedicated rear roll up delivery entrance. Expansive signage extending along both sides of the building and projecting over the sidewalk provides prominent visibility along this highly trafficked North End corridor. Recent improvements include brick replacement and repointing at the front and rear, new gutters and drain pipes, and fire escape certification dated September 1, 2026. The restaurant is currently occupied by an established, long term tenant under a triple net (NNN) lease through December 2027. Above, 3 vacant two bedroom, one bathroom apartments, each equipped with air conditioning, offer immediate leasing flexibility, with potential for renovation, reconfiguration, or expansion to create larger residences, subject to applicable approvals. Existing roof access presents the potential for a future roof deck, subject to feasibility and necessary approvals. Whether envisioned as a future restaurant or hospitality destination, a 1031 exchange acquisition, or a long term mixed-use investment, 111 Salem Street offers a compelling combination of location, infrastructure, and versatility in one of Boston's most established neighborhoods....
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Home facts
- Year built:1920
- Listing ID #:73593367
- Updated:November 08, 2026 at 12:29 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:3
- Half bathrooms:2
- Rooms Total:17
- Flooring:Hardwood, Tile
- Kitchen Description:Dishwasher, Kitchen, Range, Refrigerator
- Living area:4,492 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Rubber
- Year built:1920
- Building area:4,492 sq. ft.
- Lot area:0.03 Acres
- Construction Materials:Brick
- Foundation Description:Brick/Mortar, Concrete Perimeter, Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,995,000
- Price per sq. ft.:$1,111.98
- Tax amount:$20,395 (2026)
Features and amenities
- Appliances:Dishwasher, Range, Refrigerator
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