32 Park St, Salem MA 01970

Salem, MA 01970
$829,000
Est. $5,130/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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9
Beds
3
Baths
2,345
Sq Ft
$354
Price/Sq Ft
0.04
Acres
1915
Year Built
New today
Time on Market
For Sale Listed Oct 19, 2026 • MLS# 73592387 Copied! • Updated Oct 19, 2026

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About this home

Great opportunity to own a three-family home in a prime Salem location! 32 Park Street offers three bedrooms and one full bathroom in each unit, with hardwood floors, gas heat, granite countertops and exterior vinyl siding that is in excellent condition. With a strong rental history, this property is an appealing option for investors or buyers looking to live in one unit while collecting rent from the others. Enjoy nearby parks, beaches, a kayak launch, and marinas, along with convenient access to historic Salem Common, the commuter rail and downtown Salem’s restaurants, shops, museums, and waterfront attractions. Rich in history and close to so much of what makes Salem a great place to live, this property brings together rental income potential and a location with plenty to offer. Join us for one of the open houses this weekend or schedule a private showing today.

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Recently Sold Nearby

Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 19, 2026
$829,000
Original listing
Agent: Farrar Realty Group Office: Herrick Lutts Realty Partners

Tax History

Year Taxes Assessment
2026 $8,863 $822,200

Financial Details

Annual Property Tax
$8,863
Tax Year 2026
Assessed Value
$822,200

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1915
Living Area 2,345 sq ft
Lot Size 0.04 acres
Stories 3
Bedrooms 9
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $2,900/mo · N
Unit 2 Rent $2,919/mo · Y
Unit 3 Rent $3,050/mo · N
Total Monthly Rent $8,869/mo
Gross Income $106,428
Net Operating Income $106,428
Cap Rate 12.84%
Heating None
Cooling None
Flooring Wood
Appliances None
Fireplace None
Basement Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Slate
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $8,863
Assessed Value $822,200
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Certified Treated
Seller Disclosures Unit 1 Is Vacant And Rent Is Projected Based On Current Rents For Units 2 & 3.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1915
Bedrooms
9
Full Bathrooms
3
Living Area
2,345 sq ft
Total Rooms
15
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring: Wood
Appliances:
Interior Features:
Windows:
Basement: Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1915
Structure Type:
Exterior Materials: Frame
Roof: Slate
Foundation: Stone
Stories: 3

Utilities & Systems

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features: Paved Drive
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
1.3 mi
Grades PK-08
C+
Saltonstall School
0.2 mi | #526 of 825 | Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
C+
Bentley Academy Innovation School
1.0 mi | #532 of 825 | Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.0 mi
107 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.1 mi | #470 of 825 | Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students Diverse
Diverse Student Body
Grades K-05
C
Horace Mann Laboratory School
1.1 mi | #653 of 825 | Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.5 mi | #339 of 825 | Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students Diverse
Rising School Diverse Student Body
Grades K-05
B+
Bates School
1.5 mi | #318 of 825 | Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
B-
Collins Middle School
0.7 mi | #203 of 352 | Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.2 mi | #141 of 346 | Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B+
Salem High School
1.2 mi | #124 of 346 | Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 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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Loan Amount
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Over life of loan
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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 $739
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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Current Rate
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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.

Location

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Neighborhood

32 Park St, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Farrar Realty Group
Listing Office Herrick Lutts Realty Partners
Office Phone 978-927-1959
Agent MLS ID TM333642
Office MLS ID AN6507
Listing Data Updated Oct 19, 2026 10:30 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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