144 North St, Salem MA 01970

Salem, MA 01970
$1,085,000
Est. $5,775/month
8
Beds
3
Baths
4,250
Sq Ft
$255
Price/Sq Ft
0.10
Acres
1900
Year Built
3 Family
Type
73
Days on Market
Active Price Drop -$15,000 Listed Sep 26, 2025 • MLS# 73404047

About this home

Don’t miss this outstanding opportunity to own a spacious 3-family property in vibrant Salem, just a short distance from the commuter rail at Salem Station. Offering approximately 4,250 square feet of living space across three levels, the building features a total of 8 bedrooms and 3 bathrooms—an ideal setup for maximizing rental income or creating an owner-occupied investment. Each unit offers generous floor plans with flexible living arrangements, while the property includes three off-street parking spaces conveniently located behind the building. With one unit currently vacant, new owners have the flexibility to set market rents, occupy a unit themselves, or customize it to their vision. Perfectly positioned close to downtown shops, restaurants, museums, and all that historic Salem has to offer, this is a rare chance to acquire a substantial multi-family asset in a high-demand rental market. A must-see for investors and owner-occupants alike.

Facts & Features

Property Overview

Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
8
Full Bathrooms
3
Living Area
4,250 sq ft
Total Rooms
15
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile
Heating
Forced Air
Has Heating
Yes
Has Fireplace
Yes
Number of Fireplaces
2
Interior Features
Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
Basement Details
Full, Interior Entry, Concrete

Exterior & Structure

Foundation
Granite
Exterior Features
Balcony/Deck
Patio/Porch Features
Deck
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,238 sq ft
Lot Size Area
0.1000
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Shared Driveway

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, Individually Metered

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,763
Tax Year
2025
Tax Assessed Value
$860,900
Parcel Number
M:27 L:0249,2133227
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Sale contingent on seller identifying 1031 exchange. First and Third Floor have letter of lead compliance.

Location

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Neighborhood

144 North St, 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 $814
Homeowners Insurance $200
PMI $0

Property History

Property Timeline

🏠
Listed for Sale
Jul 14, 2025
$1,085,000
Original listing
Agent: Herrick Lutts Realty Partners Office: Herrick Lutts Realty Partners

Price & Status History

Date Event Price Change
Jul 14, 2025 New Listing Added $1,085,000

Market Statistics

Days on Market
73 days
Price per Sq Ft
$255
Total Price Drop
-$15,000

Tax History

Year Taxes Assessment
2025 $9,763 $860,900

Financial Details

Annual Property Tax
$9,763
Tax Year 2025
Assessed Value
$860,900

Listing Information

Listing Agent Herrick Lutts Realty Partners
Listing Office Herrick Lutts Realty Partners
Agent MLS ID TM312527
Office MLS ID AN6507

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