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Price$2,900,000
MLS Number 73241680
Redevelopment opportunity. Six lots are offered, anchored with 483-485 Highland Avenue. The total land represented is 1.7 acres with parcels being located in Salem as well as Lynn, MA. The offering moves through multiple zoning classifications.
Listed by Christopher A. Brown of eXp Realty
Price$2,500,000
MLS Number 73293079
High visibility retail site once a restaurant and currently a used car dealership with service bays. This is a 12+ acre site. Most of the parcel is zoned R-1 and could be used for a residential subdivision. The land parcel has a 60' wide easement from Crosby Street which is off of Marlborough Road. Building has two drive in bays, office areas and customer areas. Loading dock in the rear of the building. B-2 zoning for the front section allows a large number of retail, office and other service uses.
Listed by David Hark and Mark Shapiro of The Drumlin Group Inc.
Price$2,150,000
Est. Mortgage: $/month
MLS Number 73243346
Splendid 6 BR, 5 bath Queen Ann Victorian, meticulously updated to 21st century standards. Sit on the wrap-around porch and watch Salem Common come to life or stroll two blocks to the beach for a swim or paddle. Magnificent foyer with carved terra cotta fireplace and soaring two-story rotunda w/curved stained-glass windows. Main level has living room w/ hand-carved wooden & marble fireplace; library w/custom tile fireplace; dining room w/ crystal chandelier & leaded glass pocket doors; chef’s kitchen w/ silestone counters, vaulted tin ceiling, & breakfast nook; butler’s pantry and sunroom. Upstairs are primary bedroom w/ gold leaf & glass brick fireplace, his/hers closets, and jacuzzi bath w/ marble floor; and three additional bedrooms two w/fireplaces. Third floor has one bedroom, home office,full bath and storage. Attached garage w/large family room above. The best part is right outside—historic Salem with its museums,restaurants, waterfront and commuter rail to Boston.
Listed by Amanda Armstrong Group and Amanda Armstrong of Compass
Price$2,150,000
Est. Mortgage: $/month
MLS Number 73296729
Own this stunning property on the eastern tip of Salem, right on Juniper Point in the Salem Willows! Enjoy unparalleled ocean views from nearly every room of this 5 bed, 2.5 bath house, with direct access to the water from your backyard for swimming, kayaking, and boating. This inviting home combines original Victorian charm with modern amenities. The first floor features two living spaces: a formal living room with a fireplace and the "Ocean Room," a sunny 2006 addition offering spectacular water views. An adjacent back porch and large dining room are perfect for entertaining, complemented by a cozy kitchen, mudroom, and half bath. Upstairs, you’ll find four bedrooms and a renovated full bathroom. Finally, the basement includes a 1 bedroom, 1 bath apartment with a separate entrance, perfect for guests, as an in-law unit, or rental income. Experience coastal living just minutes from downtown Salem, while enjoying your serene oceanfront oasis.
Listed by Emily Gonzalez of The Proper Nest Real Estate
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Price$1,399,000
Est. Mortgage: $/month
MLS Number 73240469
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
Price$1,399,000
MLS Number 73298800
Fantastic opportunity! Licensed Lodging House offers 15 units with a total of 24 rooms, including 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. Recently painted and featuring updated kitchen cabinets and vanities, 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
Price$1,295,000
Est. Mortgage: $/month
MLS Number 73291245
Welcome home! This charming Historic Greek Revival home, built circa 1820, for the Nathanial Perkins family, blends timeless elegance with potential for modern living. Just moments from Salem Common, adjacent to downtown, and less than a mile from the T Station, it offers an unbeatable location. The spacious, light-filled interior spans four levels, featuring thoughtfully designed spaces ready for transformation. The generous backyard, a rare find near downtown, provides a peaceful retreat, while the driveway accommodates parking for 2+ vehicles—a true bonus. This property presents an exciting opportunity to restore and enhance its historic charm, making it uniquely yours.
Listed by Chris LeVasseur of Keller Williams Realty Evolution
Price$1,249,900
Est. Mortgage: $/month
MLS Number 73289398
Discover the perfect blend of history and modern comfort in this beautiful 3-bedroom, 2-bathroom home, nestled in the heart of Salem. Surrounded by rich colonial architecture, cobblestone streets, and an array of museums and historical sites, this home offers a unique living experience in a city steeped in history. Recent updates have made this home truly special. The kitchen has been tastefully updated, an open foyer brightens the home, a tankless hot water heater, central air conditioning, and updated furnace ensures modern efficiency. French doors open to a newly added deck, where you can relax and enjoy the tranquility of the cozy, peaceful garden. Location is everything, and this home has it. You’re less than two miles from the beach and a half-mile from the train station, making it easy to enjoy all the cultural and recreational activities this historic city has to offer. OPEN HOUSE Saturday September 14th at 11:00am to 1:00pm and Sunday September 15th at 10:00am to 12:00pm
Listed by Steven Proulx of Amaral & Associates RE
Price$1,199,900
Est. Mortgage: $/month
MLS Number 73294342
This well-maintained four-family property consists of four 1-bedroom units, perfectly situated near Salem's commuter rail and Salem State University. Each unit features hardwood floors and abundant natural light. The property includes on-site laundry and off-street parking, rare amenities in this sought-after area.Located just minutes from Salem’s historic downtown, with its rich culture, dining, and entertainment options. With stable rental income and significant potential for growth, this property is an investor's dream. The proximity to major transportation and educational hubs ensures consistent demand year-round. Don't miss your chance to own this exceptional investment in one of Salem’s most desirable locations.
Listed by Herrick Lutts Realty Partners and Nicholas Zolotas of Herrick Lutts Realty Partners
Price$1,050,000
Est. Mortgage: $/month
MLS Number 73298609
**Attention Investors and Homeowners!** Whether you're seeking an outstanding long-term investment, a 1031 exchange before year-end, or looking to offset your mortgage with rental income, this property offers the perfect opportunity. Rent out all three units and generate over $100k in gross annual income, flip for condos, or live in the beautifully updated first-floor unit. Located just a few blocks from the proposed new commuter rail station. Exceptionally updated three-family home features 3 bedrooms and 1 bathroom in each unit. The units have porches to enjoy summer evenings. Full basement for storage and it walks out to nice size yard. Off street parking for 4-5 cars. Two units are already fully rented to excellent tenants, while the first-floor unit is available for you to rent or occupy as you see fit. Rare to find an all 3 bedroom unit multifamily. Don’t miss this incredible chance!
Listed by Helen Bolino of Berkshire Hathaway HomeServices Commonwealth Real Estate
Price$1,049,000
Est. Mortgage: $/month
MLS Number 73287101
Welcome to the Blair House! R2 Zoned, tall ceilings and great AirBnb potential! Here's your once in a lifetime opportunity to be a part of history as the owner of this rare and beautiful 3 floor single family brick home in the heart of downtown Salem Massachusetts. Located within 1/3 mile of the train and a doorstep away from all of what Salem has to offer, will make this 4bed/4 bath home all the more complimentary to its surroundings. This beautiful home with sturdy masonry is adorned with second empire architecture and capped with a mansard roof. Sheathed in fishscale slate shingles, you will continue to notice the charm and history all throughout this home and will also be able to come home to 4 car parking! 2 new heating systems, tankless water heater and ductless mini-split systems for climate control. Other features included are an in eat in kitchen, 2 en suite bedrooms and a gated courtyard. Home also has 2 staircases for great versatility and incredible views of down below.
Listed by Jonathan Blass of Aluxety
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