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13 Central Street, Salem MA 01970

Salem, MA 01970
$2,290,000
Est. $13,401/month
6,442
Sq Ft
$355
Price/Sq Ft
0.09
Acres
1868
Year Built
1
Days on Market
Active Listed Jun 23, 2026 • MLS# 73540070 Copied!

About this home

Rare opportunity to own a prominent mixed-use commercial building totaling 6,442SF in the heart of downtown Salem. This three-story property features a well-established restaurant on the 1st flr & residential apartments on the 2nd & 3rd flrs, creating a diversified income stream with a strong & consistent rental history. Steeped in history, the property occupies a historically significant location connected to Salem’s colonial & revolutionary-era past. The site is commemorated by a historical marker recognizing The London Coffee House, a notable colonial gathering place dating back to 1698 that served as an important meeting and social hub during the city's early development. Ideally situated in a highly visible, walkable downtown location, the property benefits from excellent access to Salem’s shops, restaurants, cultural attractions & year-round tourism. The building is supported by long-term tenants & stable occupancy, making it an attractive investment opportunity.

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Public Records

Current Owner

Owner ARJOD REALTY TRUST
Mailing Address ARJOD REALTY TRUST, SALEM, MA, 01970

Land Use

Use Code 031
Description N/A
Zoning B5
Style Mixed Use

Tax Information

Assessed Value $1,073,600

Assessment History

Year Land Building Total Change
FY2026 $374,300 $699,300 $1,073,600

Sale History

Date Price Book/Page
Mar 12, 1987 $220,000 8841/306

Building Permit History

No building permits on record since 2023.

Data: Town of Salem

Municipal Context: SALEM

Property Data Comparison

Field Assessor MLS Match
Sqft 6,442 6,442
Year built 1,868 1,868
Match: address_exact (95.0% confidence) · Data as of Jun 24, 2026

Property Overview

Listing Type
Commercial Sale
Year Built
1868
Living Area
6,442 sq ft

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1868
Living Area 6,442 sq ft
Lot Size 0.09 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

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

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Private Sewer, Natural Gas Available

Financial

Annual Tax $19,464

Interior Features

Flooring:
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Basement:
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Construction & Materials

Year Built: 1868
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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Sewer:
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Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
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Parking & Garage

Parking Features:

Location

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Neighborhood

13 Central Street, 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
0.9 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
B-
Saltonstall School
0.5 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
B-
Carlton School
0.8 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+
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+
Bates School
1.2 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
C-
Horace Mann Laboratory School
1.3 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
Witchcraft Heights School
1.4 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
0.5 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
1.4 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
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Monthly Payment Calculator

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

Principal & Interest $0
Property Tax $1,622
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

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$0/mo
Save $0/mo
Current Rate
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+0.5% Rate
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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
Jun 23, 2026
$2,290,000
Original listing
Agent: Stephen Velonis Office: Coldwell Banker Realty - Lynnfield

Price & Status History

Date Event Price Change
Jun 23, 2026 New Listing Added $2,290,000

Market Statistics

Days on Market
1 days
Price per Sq Ft
$355

Tax History

Year Taxes Assessment
2025 $19,464

Financial Details

Annual Property Tax
$19,464
Tax Year 2025

Listing Information

Listing Agent Stephen Velonis
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID CT000331
Office MLS ID AN6219
Listing Data Updated Jun 23, 2026 10:28 AM EDT
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

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