Minutes from downtown Salem, Salem Common, and the T-station, this well-maintained 2-unit property offers a fantastic investment or owner occupant opportunity. The first-floor unit features 2 beds, 1 bath, while the spacious second-floor unit spans 2 levels with 3 beds and 2 full baths, including a primary bath. Both units feature in-unit laundry, cherry cabinets, granite counters, and stainless steel appliances. The open-concept kitchen, living, and dining areas are highlighted by hardwood floors. High-efficiency gas heating, central air, and separate utilities throughout. The property has had many updates in the past 10 years, ensuring modern comfort. Outside, you'll find a shed and parking for 3 cars. The 3-bed unit rents for $2,802/month, and the 2-bed unit for $1850/month. This turnkey property is perfect for investors or owner-occupants looking to offset their mortgage with rental income.
Sale Statistics
Sale Overview
Original List Price:$850,000
Final Sale Price:$855,000
Difference:
+$5,000 (+0.6%)
Performance Metrics
100.6%
List to Sale Ratio
Sold above asking price
26
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$424
Sale $/sq ft:$426
This property sold for $426 per square foot
Sale Summary
This property sold for 0.6% above the original asking price, indicating strong buyer demand.
With only 26 days on market, this was a quick sale compared to typical market conditions.
Storage, Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Open Floorplan, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Unfinished
Window Features
Insulated Windows
Door Features
Insulated Doors
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Rain Gutters
Has Spa
No
Waterfront Features
Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.06 acres
Lot Size
2,400 sq ft
Lot Size Area
0.0600
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public, Dead End
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Off Street, Paved
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,652
Tax Year
2025
Tax Assessed Value
$763,000
Parcel Number
M:36 L:0049,2137174
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Seller/seller's agents make no warranties/representations, buyer/buyer's agent responsible for due diligence. Sold AS-IS Condition. Appliances left as gifts. Room size is approximate. Unit 1 lease ends 6/30/25, Unit 2 lease ends 8/31/25.
Listing Terms
Contract
Location
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Neighborhood
4 Lemon Street Ct, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$721
Homeowners Insurance$200
PMI$0
Property History
Market Insights
0.6%
Price Range
35
Total Days on Market
Property Timeline
✓
Sold
Jul 8, 2025
$855,000
Property sold
Days on Market: 35
🏠
Listed for Sale
Apr 30, 2025
$850,000
Original listing
Agent: The Lopes GroupOffice: J. Barrett & Company
