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$2,400,000

1-7 Prince St & 48-54 Harbor St, Salem MA 01970
Salem, MA 01970
Listed by Francesca Little
Bedrooms
16
Bathrooms
8
Living area
6,656 sqft
Year built
1960

About this home

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.

Property details

MLS #
73490150
Property type
5-9 Family
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
N/A
Stories
2
Garage spaces
N/A
Lot size
0.22 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Saltonstall School
0.28 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
378
Student:teacher ratio
10.5:1
District
Salem
Middle
Collins Middle
0.8 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
633
Student:teacher ratio
11.1:1
District
Salem
HighCharter
Salem Academy Charter School
0.12 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
495
Student:teacher ratio
10.3:1
District
Salem Academy Charter (District)

Mortgage calculator

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Est. monthly payment
$14,603/mo
$480,000 down
$1,920,000 loan
Principal & interest$12,453
Property tax (est.)$2,000
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 22, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.