69 Harbor Street, Salem MA 01970
Salem, MA 01970
$2,000,000
Est. $10,645/month
About this home
We are pleased to present this multifamily offering which consists of 6 units with a deeded parking lot. The property has been very well maintained but offers investors and end-users future value through cosmetic improvements and activating additional income opportunities. The property is ideally located in a quiet residential neighborhood and is a short walk to the South River and Palmer Cove waterfront. The attached parking lot included 20 total spots, 10 of which are on an easement by the neighbor.
Sale Statistics
Sale Overview
Original List Price:
$2,136,000
Final Sale Price:
$2,000,000
Difference:
$136,000 (-6.4%)
Performance Metrics
93.6%
List to Sale Ratio
Sold below asking price
68
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$307
Sale $/sq ft:
$287
This property sold for $287 per square foot
Sale Summary
This property sold for 6.4% below the original asking price.
The property spent 68 days on market before selling.
Facts & Features
Property Overview
Property Type
5+ Family - 5+ Units Side by Side
Property Category
Residential Income
Year Built
1920
Bedrooms
17
Full Bathrooms
6
Living Area
6,960 sq ft
Total Rooms
35
Stories
3
Levels
3
Interior Features
Heating
Hot Water, Baseboard
Has Heating
Yes
Has Fireplace
No
Appliances
Refrigerator
Interior Features
Living Room, Kitchen
Exterior & Structure
Foundation
Other
Exterior Features
Balcony
Has Spa
No
Waterfront Features
Bay, Other (See Remarks), Beach Ownership(Other (See Remarks))
Waterfront Property
No
Lot & Land
Lot Size
0.10 acres
Lot Size
4,225 sq ft
Lot Size Area
0.1000
Lot Features
Other
Road Surface Type
Paved
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
10
Parking Features
Off Street, Deeded, Paved
Utilities & Systems
Utilities Available
for Electric Oven
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Walk/Jog Trails
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$19,068
Tax Year
2025
Tax Assessed Value
$1,681,500
Parcel Number
3403770,2135861
Zoning
R3
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Listing Terms
Other (See Remarks)
Location
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Neighborhood
69 Harbor Street, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$1,589
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
3.8%
Price Range
69
Total Days on Market
Property Timeline
Sold
Jul 29, 2025
$2,000,000
Property sold
Days on Market: 69
Listed for Sale
Apr 2, 2025
$2,079,000
Original listing
Agent: Kevin Benzinger
Office: Boston Realty Advisors
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/29/2025 | ✓ Sold | $2,000,000 | - | - | Property sold |
| 04/02/2025 | 🏠 Listed for Sale | $2,079,000 | - | - | Original listing |