233 Lafayette, Salem MA 01970
Salem, MA 01970
$4,275,000
Track this home for price, status, and open-house alerts.
Sale Statistics
Sale Overview
Original List Price:
$4,700,000
Final Sale Price:
$4,275,000
Difference:
$425,000 (-9.0%)
Performance Metrics
91.0%
List to Sale Ratio
Sold below asking price
35
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$265
Sale $/sq ft:
$241
This property sold for $241 per square foot
Sale Summary
This property sold for 9.0% below the original asking price.
The property spent 35 days on market before selling.
About this home
Rare opportunity to own a 26 unit rental property in Salem. This property includes 6 - two bedrooms, 12 - one bedrooms, 5 studios and 3 efficiency studios. Well maintained with hardwood flooring throughout. Owner pays for heat and hot water but each unit has separately metered electric and gas range. Coin operated laundry in the basement. Street parking available. Please see attached listing document for detailed income and expenses. Group showings only starting Wednesday 10/9 at 12pm and Thursday 10/10 at 12pm. Please call to confirm.
View in the App
Save this property, schedule tours instantly, and get alerts when the price drops
Scan with phone
Public Records & Permits
Log in to view assessor & tax records, ownership history, and recent building permits for this property.
BMN Estimate
Get the number an algorithm can't give you
A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.
Recently Sold Nearby
Property History
Market Insights
44.5%
Price Range
37
Total Days on Market
Property Timeline
Current Active Listing - MLS #73576567
Full transaction history available when tracking began
Currently Listed
Sep 14, 2026
$7,699,000
MLS #73576567 - Active
Sold
Jan 13, 2020
$4,275,000
Property sold
Days on Market: 37
Listed for Sale
Oct 2, 2019
$4,700,000
Original listing
Agent: Francesca Little
Office: Little & Co., REALTORS®
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/14/2026 | 🏡 Currently Listed | $7,699,000 | - | - | MLS #73576567 - Active |
| 01/13/2020 | ✓ Sold | $4,275,000 | - | - | Property sold |
| 10/02/2019 | 🏠 Listed for Sale | $4,700,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2019 | $30,682 | $2,031,900 |
Financial Details
Annual Property Tax
$30,682
Tax Year 2019
Assessed Value
$2,031,900
Facts & Features
Home Facts
Type
Residential Income
Style
5+ Family - 5+ Units Up/Down
Year Built
1915
Living Area
17,755 sq ft
Lot Size
0.24 acres
Bedrooms
32
Full Baths
26
Total Rooms
62
Investment Metrics
Units
26
Unit 1 Rent
$1,575/mo · N
Unit 2 Rent
$1,395/mo · N
Total Monthly Rent
$2,970/mo
Gross Income
$388,224
Net Operating Income
$302,433
Operating Expenses
$66,380
Water/Sewer Expense
$8,480
Electric Expense
$3,472
Insurance Expense
$10,488
Cap Rate
6.43%
Interior
Heating
Baseboard, Natural Gas
Cooling
None
Flooring
Wood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Unfinished
Laundry
None
Features
Laundry Room, Kitchen, Living Rm/dining Rm Combo, Living Room
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Other
Utilities
Electric
60 Amps/less
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$30,682
Assessed Value
$2,031,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Subject To Buyer Verification Off All Income And Expenses.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
37 days
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Listing Type
Sold
Year Built
1915
Bedrooms
32
Full Bathrooms
26
Living Area
17,755 sq ft
Total Rooms
62
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Refrigerator
Interior Features:
Laundry Room, Kitchen, Living RM/Dining RM Combo, Living Room
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1915
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
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, Other
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
Elementary Schools
9 schools
The Greenhouse School
1.0 mi
Grades PK-08
The Phoenix School
1.1 mi
Grades PK-08
C+
Saltonstall School
0.1 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
Horace Mann Laboratory School
1.0 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
C+
Bentley Academy Innovation School
1.3 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
1.3 mi
107 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.4 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
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
1.8 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
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
High Schools
2 schools
B+
Salem Academy Charter School
0.4 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
1.1 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
Learn about these ratings
Location
Loading map...
Neighborhood
233 Lafayette, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Francesca Little
Listing Office
Little & Co., REALTORS®
Office Phone
978-745-4447
Agent MLS ID
CN234756
Office MLS ID
C67600
Listing Data Updated
Jan 13, 2020 12:44 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
Contact Us
Ask about this property — free, no obligation.
Similar Homes for Sale
Comparable Properties
Customize Comparable Search
Finding comparable properties...
Loading market insights for Salem.