Turnkey 8-unit investment opportunity in Salem. The Property consists of two four-family buildings deeded together, totaling eight (8) 2-bedroom units, along with 10 off-street parking spaces. Heat and hot water are included in rent. The property has been extensively updated, featuring renovated kitchens and baths with granite countertops and stainless steel appliances, updated electrical, a new roof on the Harbor Street building, and new insulation in both attics and walls. Additional highlights include basement storage and a clean, well-maintained condition, making this an ideal opportunity for investors seeking a low-maintenance, stabilized asset with upside through future rent optimization. See attached for the OM with detailed financials.
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| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 06/18/2026 | ↓ Price Reduced | $2,400,000 | $150,000 | - | From $2,550,000 to $2,400,000 (-5.9%) |
| 06/01/2026 | ↓ Price Reduced | $2,550,000 | $100,000 | - | From $2,650,000 to $2,550,000 (-3.8%) |
| 03/23/2026 | 🏠 Listed for Sale | $2,650,000 | - | - | Original listing |
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $16,240 | $1,432,100 |
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1-7 Prince St & 48-54 Harbor St, Salem MA 01970
Salem, MA 01970
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