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

Salem, MA 01970
$2,650,000
Est. $14,953/month
16
Beds
8
Baths
6,656
Sq Ft
$398
Price/Sq Ft
0.22
Acres
1960
Year Built
5-9 Family
Type
7 hours 2 minutes
Time on Market
Active Listed Mar 23, 2026 • MLS# 73490150 Copied!

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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Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1960
Bedrooms
16
Full Bathrooms
8
Living Area
6,656 sq ft
Total Rooms
32
Stories
2
Levels
2

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1960
Living Area 6,656 sq ft
Lot Size 0.22 acres
Bedrooms 16
Full Baths 8
Total Rooms 32

Interior

Heating Oil
Cooling None
Flooring Wood
Appliances None
Fireplace None
Basement Full, Interior Entry
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 10

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $16,240
Assessed Value $1,432,100

Interior Features

Flooring: Wood
Appliances:
Interior Features:
Windows:
Basement: Full, Interior Entry
Laundry:
Security:

Construction & Materials

Year Built: 1960
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter
Stories: 2

Heating, Cooling & Utilities

Heating: Oil
Cooling:
Hot Water: Oil
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 10
Parking Features: Off Street

Location

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Neighborhood

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

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
1.0 mi
Grades PK-08
The Greenhouse School
1.4 mi
Grades PK-08
B-
Saltonstall School
0.3 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C+
Bentley Academy Innovation School
0.9 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.9 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.0 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C-
Horace Mann Laboratory School
1.2 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B+
Bates School
1.5 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.5 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
0.8 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.2 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.3 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,353
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Mar 23, 2026
$2,650,000
Original listing

Price & Status History

Date Event Price Change
Mar 23, 2026 New Listing Added $2,650,000 —

Market Statistics

Time on Market
7 hours 2 minutes
Price per Sq Ft
$398

Tax History

Year Taxes Assessment
2025 $16,240 $1,432,100

Financial Details

Annual Property Tax
$16,240
Tax Year 2025
Assessed Value
$1,432,100

Listing Information

Listing Agent Francesca Little
Listing Office Little & Co., REALTORS®
Agent MLS ID CN234756
Office MLS ID C67600
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 1 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 2 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 3 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 4 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 5 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 6 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 7 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 8 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 9 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 10 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 11 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 12 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 13 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 14 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 15 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 16 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 17 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 18 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 19 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 20 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 21 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 22 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 23 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 24 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 25 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 26 1-7 Prince St & 48-54 Harbor St, Salem MA 01970 - Photo 27
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