47 Winthrop St, Salem MA 01970
About this home
Turnkey 3-family gem in the heart of downtown Salem! Fully renovated units, strong rental income, and location make this an exceptional opportunity for investors or owner-occupants seeking cash flow and long-term growth. Unit 1 offers 3 beds/2 baths with stylish finishes and generous living space. Unit 2 features 3 beds/1.5 baths has been renovated and will be delivered vacant ideal for an owner to move right in. Unit 3 is a spacious 1 bed/1 bath with separate kitchen, living and dinning room. Beautiful hardwood floors, modern kitchens, and updated baths through out the home. Exterior improvements and solid systems make this a low-maintenance asset. Current rents: $3,300 (U1), $3,100 (U2), $2,022 (U3). Excellent tenant history, responsible residents, and unbeatable proximity to shops, dining, commuter rail, and waterfront. Whether you're looking to expand your portfolio or live in one unit and let the others pay the mortgage this property checks all the boxes.
Property Overview
Sale Statistics
This property sold for 9.4% above the original asking price, indicating strong buyer demand.
With only 20 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
47 Winthrop St, Salem MA 01970
Salem, MA 01970
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Jul 18, 2025Listed for Sale
May 28, 2025| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/18/2025 | ✓ Sold | $1,149,000 | - | - | Property sold |
| 05/28/2025 | 🏠 Listed for Sale | $1,050,000 | - | - | Original listing |