Salem Real Estate

MLS Number 73339638

• MultiFamily
• Bedrooms 34
• Bathroom 12
• Square Feet 13,472
• Parking Spaces 21

Investors take notice of a rare offering in downtown Salem. 5 Ropes Street and 8-10 Porter Street Court are two adjacent 3-story 6-unit buildings with a total square footage of 19,720± with a rentable square footage of 13,472±. This offering includes twenty (20+) surface parking spots and 6-bay garages for additional income. Both buildings offer investors separately metered utilities, on-site coin-operated laundry facilities, and the opportunity to increase rents to market with minimal capital. The offering is near public transportation, restaurants, and many local amenities within walking distance of the subject properties.

Listed by Michael McCarthy and Dan Pouladian of North Shore Realty Advisors

MLS Number 73044002

• MultiFamily
• Bedrooms 10
• Bathroom 6
• Square Feet 6,744
• Parking Spaces 28

Six family home with close to 7,000 sq. ft. of living space, on the biggest lot in downtown Salem, next to the Salem Inn. This property is zoned mixed use, so could have commercial and residential space. Great potential for further development. The house needs to be renovated. 10 garages and a large workshop above which could be converted into more units.

Listed by Heather Klosowski of Heather Klosowski Real Estate

MLS Number 73324811

• Land
• Acreage 0.52
• Zoning HIST

Development opportunity on .52 acre lot near downtown Salem on route 1A/114 near Salem State University. Approved plans for 10-unit condominium complex over two buildings (5 and 5). Rear building is gutted and ready to be built out. Front building would need to be constructed. All plans, approvals, etc available upon request.

Listed by Merry Fox Team and Daniel Fox of MerryFox Realty

MLS Number 73340304

• MultiFamily
• Bedrooms 13
• Bathroom 6
• Square Feet 5,320
• Property SubType 5-9 Family

41 Salem Street is a three-story residential investment property. The unit matrix consists of one (1), 1-Bedroom/1-Bathroom unit, three (3), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1-Bathroom units in 5,320 square feet of living area on a .072-acre parcel. All units have updated kitchens with granite countertops and dishwashers. The Property is separately metered for electric, and electric heat, which the tenants pay directly. The Landlord is responsible for common area electric, gas-fired hot water, and domestic water and sewer. The Property is well-located on Salem Street, just over a half-mile away from Salem's Historic Downtown with easy access to public transportation and numerous retail amenities. Salem is located 15 miles along the north shore from Downtown Boston, a major draw for many of the city's residents.

Listed by Stephen Girolamo of Horvath & Tremblay

MLS Number 73240469

• MultiFamily
• Bedrooms 15
• Bathroom 7
• Square Feet 5,110
• Parking Spaces 1

Fantastic investment opportunity! Posibility of turning the licensed lodging house into regular apartments (with city approval) or use as short-term rentals (AirBnB) according to city solicitor. It currently offers 15 units with a total of 24 rooms, boasting 4 private baths and 3 common baths. Conveniently situated near the commuter train station and downtown Salem, tenants enjoy easy access to transportation and amenities. With 2 parking spaces, convenience meets practicality. Recently painted and featuring updated cabinetry, this property is turnkey and ready for new ownership as a rooming house. Possibly convert to regular apartments (many rooms have connecting doorways) or condos (city approval required). Newer furnace was put in 2019. Roof reshingled late spring 2021. Floors just completely refinished. Most windows are newer. Don't miss out on this possible lucrative venture! Floor plans online. Gross income is projected and not actual. Buyers to perform due diligence.

Listed by Armstrong Field Team and Jim Armstrong of Aluxety

MLS Number 73342170

• Condo
• Bedrooms 2
• Bathroom 2
• Square Feet 1,451

NEW luxury penthouse condominium at RIVERWALK. This beautifully appointed 2+ bedroom, two-bath condo is designed to take advantage of water and city skyline views. The best in modern single-level living on the North Shore, this boutique residence features double primary suites, home office, oversized windows, high ceilings, top-of-the-line finishes, plentiful amenities, and a signature designer aesthetic. The Chef's kitchen boasts stainless Bosch appliances, custom cabinetry, and quartz countertops and backsplash and opens into the spacious living and dining room with European hardwood floors throughout. Relax in the primary suite with walk-in closet, smart bidet, seamless tiled shower, double vanity and heated flooring. Lifestyle amenities include indoor heated parking, Clubroom Lounge, state-of-the-art fitness center, and Riverside Outdoor Kitchen/Patio. An oasis close to all the action, RIVERWALK is where adventure begins!

Listed by Merry Fox Team and Daniel Fox of MerryFox Realty

MLS Number 73047208

• Land
• Acreage 0.55
• Zoning BP

Bring your offers... All reasonable offers will be considered. Just over one-half acre lot zoned BPD (Business Park Development), offering mixed-use flexibility. Ideal location, minutes from downtown Salem, commuter rail, easy access to North Shore Mall, routes 1 & 95. MA Chapter 91 authorization is required.

Listed by The Lopes Group of J. Barrett & Company