249 Loring Ave, Salem MA 01970

Salem, MA 01970 • South Salem

$1,050,000

Est. $6,358/month

Beds

Baths

3,342

Sq Ft

$314

Price/Sq Ft

0.13

Acres

1930

Year Built

Garage Spaces

2 Family - 2 Units Up/Down

Type

Days on Market

Active Listed Jun 26, 2026 • MLS# 73542504 Copied! • Updated Jul 1, 2026

About this home

Great investment or owner occupied opportunity! Two oversized two-level apartments in a highly desired area of Salem. Property located close to Swampscott Line and Salem State University. Each apartment includes three bedrooms, living room, dining room, office, kitchen, three full bathrooms, hallway. Second floor has a similar floor plan. Both with hardwood floors. Recent updates: house painted outside and inside, 2 new separate gas heating systems, 5 car parking plus 2 garages. All separate utilities.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan with phone

Get the full experience in the BMN Boston app

Public Records & Permits

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

Property Timeline

🏠

Listed for Sale

Jun 26, 2026

$1,050,000

Original listing

Office: Averbuch Realty

Date	Event	Price	Change	$/sqft	Details
06/26/2026	🏠 Listed for Sale	$1,050,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2026	$10,188	$936,800

Financial Details

Annual Property Tax

$10,188

Tax Year 2026

Assessed Value

$936,800

Facts & Features

2 Car Garage

Home Facts

Type Residential Income

Style 2 Family - 2 Units Up/Down

Year Built 1930

Living Area 3,342 sq ft

Lot Size 0.13 acres

Bedrooms 6

Full Baths 6

Total Rooms 16

Investment Metrics

Units 2

Unit 1 Rent $3,650/mo · N

Unit 2 Rent $3,650/mo · N

Total Monthly Rent $7,300/mo

Gross Income $87,600

Net Operating Income $87,600

Cap Rate 8.34%

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 2

Has Garage Yes

Features Paved Drive

Total Spaces 8

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $10,188

Assessed Value $936,800

HOA & Community

Fee Includes None

Amenities None

Optional Fee Includes None

Down Payment Resource Eligible

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type []

House Color gray

Sq Ft Source Public Record

Documents None

County Essex

Total market time (incl. prior listings) 5 days

Property Overview

Property Type

2 Family - 2 Units Up/Down

Listing Type

For Sale

Year Built

1930

Bedrooms

Full Bathrooms

Living Area

3,342 sq ft

Total Rooms

Stories

Levels

Room Details

Other Floor

Bathroom1

Bedroom5

Bedroom4

Bedroom3

Dining Room

Kitchen

Bathroom2

Bedroom2

Living Room

Bathroom3

Master Bedroom

Office

Family Room

Master Bathroom

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Year Built: 1930

Structure Type:

Exterior Materials:

Roof:

Foundation: Concrete Perimeter

Stories: 4

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 2

Total Parking Spaces: 8

Parking Features: Paved Drive

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

3 schools

The Greenhouse School

0.2 mi

Grades PK-08

A+

Glover School

0.8 mi | #63 of 824 | Score: 61.5

Improved 47 spots from last year

+3.3 above state avg

318 students Moderate

Rising School Strong Attendance

Grades PK-03

Tower School

1.0 mi

Grades PK-08

Middle Schools

3 schools

B+

Village School

1.5 mi | #253 of 824 | Score: 52.3

Dropped 64 spots from last year

-5.9 below state avg

529 students Moderate

Grades 04-06

B+

Swampscott Middle School

1.5 mi | #122 of 352 | Score: 47.2

Dropped 51 spots from last year

-11 below state avg

654 students Moderate

Grades PK-08

C+

Collins Middle School

1.5 mi | #219 of 352 | Score: 39.5

Improved 60 spots from last year

-18.7 below state avg

611 students Diverse

Rising School Diverse Student Body

Grades 06-08

High Schools

3 schools

Salem High School

1.2 mi | #144 of 346 | Score: 56.1

Dropped 24 spots from last year

-2.1 below state avg

952 students Diverse

18 sports • 1,080 athletes

Early College Program Career Tech Programs College Ready Curriculum Strong Athletics

Grades 09-12

A-

Marblehead High School

1.3 mi | #80 of 346 | Score: 62.1

Dropped 37 spots from last year

+3.9 above state avg

861 students Less Diverse

20 sports • 2,426 athletes

Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum

Grades 09-12

B+

Salem Academy Charter School

1.6 mi | #139 of 346 | Score: 56.7

Improved 97 spots from last year

-1.5 below state avg

480 students Diverse

10 sports • 568 athletes

High Graduation Rate Rising School College Ready Curriculum

Grades 06-12

Learn about these ratings

Loading comparison...

Monthly Payment Calculator

Monthly Payment

Principal, interest, taxes & insurance

Loan Amount

After down payment

Total Interest

Over life of loan

Total Cost

Including down payment

Home Price

Down Payment

Down: $0

Interest Rate

Loan Term

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $849

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

-0.5% Rate

$0/mo

Save $0/mo

Current Rate

$0/mo

+0.5% Rate

$0/mo

Cost $0/mo

Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

Loading map...

Neighborhood

South Salem

249 Loring Ave, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Alexander Barmin

Listing Office Averbuch Realty

Office Phone 617-699-0416

Agent MLS ID C0003431

Office MLS ID B95034

Listing Data Updated Jul 1, 2026 9:52 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 800 - 9008 contact@bmnboston.com

Ask about this property — free, no obligation.

249 Loring Ave, Salem MA 01970

About this home

Public Records & Permits

Recently Sold Nearby

Property Timeline

Listed for Sale

Tax History

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Other Floor

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Neighborhood

Customize Comparable Search

Distance & Location

Property Characteristics

Price & Value

Property Features

Market Filters

Display Options

📍 Comparable Properties Map

Market Analytics for Salem, MA

249 Loring Ave, Salem MA 01970

About this home

Public Records & Permits

BMN Estimate

Recently Sold Nearby

Property History

Property Timeline

Listed for Sale

Detailed History Table ▼

Tax History

Financial Details

Facts & Features

Home Facts

Investment Metrics

Interior

Exterior

Parking

Utilities

Financial

HOA & Community

MA Disclosures

Additional Details

Property Overview

Room Details

Other Floor

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Nearby Schools

Elementary Schools

Middle Schools

High Schools

Monthly Payment Calculator

Monthly Payment Breakdown

Loan Summary

Rate Impact

Payment Over Time

Location

Neighborhood

Listing Information

Contact Us

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Distance & Location

Property Characteristics

Price & Value

Property Features

Market Filters

Display Options

📍 Comparable Properties Map

Adjust Property Details

Market Analytics for Salem, MA

BMN Boston Real Estate

Schedule a Tour

Get the BMN Boston App