1-7 Prince St & 48-54 Harbor St, Salem, MA 01970

Salem
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
1-7 Prince St & 48-54 Harbor St,Salem, MA 01970
$2,400,000
  • 16 Beds
  • 8 Baths
  • 6,656 sq. ft.
  • Multi-family
  • Active
Listed by: francesca little, francesca little
Office: little & co., realtors®
MLS#:73490150
Source:MLSPIN

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$360.58

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.

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Home facts

  • Year built:1960
  • Listing ID #:73490150
  • Updated:July 07, 2026 at 10:43 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Full bathrooms:8
  • Rooms Total:32
  • Flooring:Wood
  • Basement Description:Full, Interior Entry
  • Living area:6,656 sq. ft.

Heating and cooling

  • Heating:Oil

Structure and exterior

  • Roof:Shingle
  • Year built:1960
  • Building area:6,656 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Frame
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$360.58
  • Tax amount:$16,240 (2025)

Parking

  • Total parking spaces:10
  • Parking description:Off Street
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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