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Multi Family Homes in Salem

View current listings for multi family homes in Salem below. You may also be interested in browsing North Shore multi family homes.

Search Multi Family Homes for Sale in Salem Massachusetts

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11 Summer Street Salem MA 01970

Salem, MA11 Summer Street

Price$2,490,000

Est. Mortgage: $/month

MLS Number 72990145

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

Six family home 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. The house needs intensive renovations or is a tear down. 10 garages and a large workshop above which could be converted into more units. Seller will not be responsible to permit property for rebuilding/remodeling.

Listed by Heather Klosowski of Heather Klosowski Real Estate

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$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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107 Boston Street Salem MA 01970

Salem, MA107 Boston Street

Price$1,999,900

Est. Mortgage: $/month

MLS Number 72969446

  • MultiFamily
  • Bedrooms 12
  • Bathroom 9
  • Square Feet 7,000
  • Parking Spaces 6

3 renovated buildings on 2 adjacent lots combine to make 6 total units. 107 Boston is mixed use, completely renovated in 2018 with 1 commercial unit & 2 3 bedroom 1.5 bath units. It has updated plumbing & recent electrical upgrades, newer rubber roof & vinyl siding (2017) with roof deck. 3 gas heating systems, foam insulation. Replacement windows throughout. 2 units have central a c. Unit 3 is townhouse style. updated kitchen with vaulted ceiling, laundry in unit. 1.5 recent tile baths. 109 has 2 3 room units with grandfathered short term rental license. Lots of character with original fireplaces. 107 Rear is a just completed renovation of a brick single fam with 3 beds and 2 full baths. Kitchen features Shaker cabinets, quartz counters, hardwood floors high ceilings. New plumbing & updated electrical throughout. Recent high efficiency Minisplit heat and AC. 2nd floor laundry. Perfect owners unit! 5+ non-tandem parking. Convenient to train & 128

Listed by Michael Becker of Atlantic Coast Homes,Inc

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$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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317 Lafayette Street Salem MA 01970

Salem, MA317 Lafayette Street

Price$1,500,000

Est. Mortgage: $/month

MLS Number 72979901

  • MultiFamily
  • Bedrooms 7
  • Bathroom 5
  • Square Feet 4,006
  • Parking Spaces 4

Why pay rent when you can own this spectacular multi-unit in a pleasant Salem neighborhood? ONE UNIT WILL BE DELIVERED VACANT!! This charming property is ideal for you because it offers plenty of sun-drenched rooms. There are also plenty of storage spaces and hardwood floors throughout the well-kept units. The main unit boasts three bedrooms and two full bathrooms. The other units have one nice bedroom and one full bath, and a potential workspace. The third level is one of the best apartments featuring its two cozy bedrooms and conveniently has 2f baths. What a way to add value! Enjoy your morning coffee on the spacious front porch, or in the fenced-in backyard, desirable for outdoor eating, gatherings, and unlimited amusement. Also, there are four off-street parking spaces available at this residence. This is a once-in-a-lifetime opportunity to own your ideal home, so don't miss out and make it yours!

Listed by Ryan Guilmartin of Keller Williams Realty Evolution

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%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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2 Essex Street Salem MA 01970

Salem, MA2 Essex Street

Price$1,199,999

Est. Mortgage: $/month

MLS Number 73003787

  • MultiFamily
  • Bedrooms 5
  • Bathroom 6
  • Square Feet 5,608
  • Property SubType 5-9 Family

Exceptional investment opportunity. 6 unit multi family building in the heart of Salem. The iconic home to Ziggy's Donuts, offered for the first time in 57 years, is available for investors, developers and individuals seeking the advantages of fixed income properties. Own within walking distance of Salem Willows, Salem Harbor, Historic Downtown, Winter Island, shops, beaches, trains, restaurants and parks. The building features replacement windows, vinyl siding and newer gas water heaters. Comprised of 5 one bedroom, one bathroom units and one commercial unit, walk up attic and full basement. All units have individual utility meters. Rents are well below market value due to long term tenants. The attic is an oversized, dormered room with water views and opportunities for expansion. Interior photos are of unit 1 which is currently vacant. All units are similar in size and layout with slight variation. Ziggy's Donuts operates out of grandfathered commercial space on 1st floor.

Listed by Michael McNiff and Brenna McNiff of Coldwell Banker Realty - Beverly

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%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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58 Bridge Street Salem MA 01970
Contingent

MLS Number 73001343

  • MultiFamily
  • Bedrooms 9
  • Bathroom 10
  • Square Feet 4,501
  • Parking Spaces 5

Investors: Rare opportunity to buy a Salem MA 6 Family located in the desirable Salem Neck neighborhood with easy access to public transportation, boating, public beaches, and downtown Salem and Beverly MA. Current Cap Rate is 7% at a $950,000 valuation. Heat, hot water and electric are separate for each of the units. Property is sold AS IS with tenants. All Tenants are TAW. Property is in need of updating. Projected Cap Rate after updating is 8.2% based on a valuation of $1,250,000. Reasonable projected rents were used. Note: There are 7 gas hot water boilers and 7 gas hot water tanks as the townhouse unit has two heating systems and 2 hot water tanks, one for each floor. This property is a Potential Condominium Conversion. Request our Investment Analysis of this Property. Offer Instructions: for Financed Offers, include a commercial loan pre-approval; for Cash Offers include proof of funds. Showings by appointment only, Saturday, June 25 and Sunday, June 26 from Noon - 2 PM

Listed by Kathleen Sullivan and Terrence Sullivan of RE/MAX 360

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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101 Ocean Avenue Salem MA 01970

Salem, MA101 Ocean Avenue

Price$949,900

Est. Mortgage: $/month

Price Changed

MLS Number 72938295

  • MultiFamily
  • Bedrooms 6
  • Bathroom 4
  • Square Feet 4,394
  • Parking Spaces 4

Don't miss your chance to own this large 4-unit investment property. Ocean Ave is located between Salem State University and down-town, making it perfect for both students and professionals. This property consists of two (2) bedroom units and two (1) bedroom units. Conveniently located to Rte 1, I-95, Forest River Park, Downtown Salem and Salem’s MBTA Station.

Listed by Herrick Lutts Realty Partners and Nicholas Zolotas of Herrick Lutts Realty Partners

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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4 Mount Vernon Street Salem MA 01970

Salem, MA4 Mount Vernon Street

Price$899,900

Est. Mortgage: $/month

MLS Number 72994071

  • MultiFamily
  • Bedrooms 5
  • Bathroom 2
  • Square Feet 3,243
  • Parking Spaces 4

Charming, Turn-of-the-Century Two Family. Wonderfully located two blocks from historic Downtown Salem. Blending both modern & classic touches w/original period details including curved wall, high ceilings, ornate (decorative) fireplaces, original doors, & woodwork. Unit 1 offers 6 rooms, renovated kitchen w/an abundance of cabinets, opens to formal dining room, living room w/decorative fp, 3bds, nicely updated bath. Unit 2 offers 5+ rooms w/versatile layout, 2bds,, living room w/decorative fp, formal dining room, NEW oversized kitchen featuring stylish, white cabinets, island, farmhouse apron sink, wainscoting, opens to dining area w/atrium doors leading to 3 season porch overlooking the yard, additional living space waiting to be finished on the 3rd level. Both units have separate entrances, basements, & utilities, replacement windows, hardwood flooring, central air (2019). Nicely landscaped yard w/garden area, ample off street parking, 2 car garage. Photos of 2nd fl will post 6/10

Listed by Lori Johnson and Candice LaRose of Carpenito Real Estate,Inc.

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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7 Palmer Street Salem MA 01970

Salem, MA7 Palmer Street

Price$750,000

Est. Mortgage: $/month

MLS Number 72951822

  • MultiFamily
  • Bedrooms 5
  • Bathroom 3
  • Square Feet 3,684
  • Parking Spaces 4

Great Investment Opportunity: This large, conveniently located 3 family offers many options to a live-in owner or an investor wanting to collect rents and build equity in an up and coming area; or to those interested in potential, future condominium conversion. Rooms are large with nice details, tall ceilings and wood floors. Property has a 2-car garage (in need of total rehab) and 4 car parking and small yard. The property overall is in need of many improvements and is being sold "as is." Limited information available as this is part of an estate. Many details are approximate for that reason. Fully tenanted (2 are TAW) with below market rents; tenants to remain with sale. Buyer to perform own due diligence. First showing will include access to only one-unit and basement. Proof of funds/pre-approval required prior to showing.

Listed by Judith Zissulis of Keller Williams Realty Evolution

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

6 Chandler Street Salem MA 01970

Salem, MA6 Chandler Street

Price$749,900

Est. Mortgage: $/month

Contingent

MLS Number 73002359

  • MultiFamily
  • Bedrooms 5
  • Bathroom 2
  • Square Feet 2,558
  • Parking Spaces 3

CENTRAL AC! Oversized Two Family, with an unfinished walkup attic, located just 0.7 miles from the commuter rail and downtown Salem! First floor unit offers two bedrooms with a formal dining area which can be converted into a third bedroom. The second floor unit boast an updated kitchen and bath and in unit washer and dryer. This unit is a spacious three bedrooms, plus an office, as well as a walk up attic with over 1,000sqf of unfinished space. Two heating units, two hot water tanks, and two electrical panels. First floor unit will be delivered vacant and upstairs unit is tenant at will with 6 years of rental history. 5+ bedrooms, separate utilities, and only 0.7 miles from downtown and the commuter rail makes for a great investment property. Unit 1 is vacant. Unit 2 is TAW. Open Houses Saturday 6/25 and Sunday 2/26 from 10:30am - 12:00pm. Unit 2 can only be seen Saturday at the Open House. Unit 1 can be seen both days.

Listed by Nicholas Daher of Broad Sound Real Estate,LLC

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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8 Lathrop Street Salem MA 01970

Salem, MA8 Lathrop Street

Price$689,900

Est. Mortgage: $/month

MLS Number 72969600

  • MultiFamily
  • Bedrooms 4
  • Bathroom 4
  • Square Feet 1,804
  • Parking Spaces 3

OPEN HOUSE SUN 5/1 from 10am to 11am - This is an amazing opportunity to get a multi family in one of the hottest Real Estate markets in the Northshore. This 4 unit multi family home is perfect for an investor looking to add to their portfolio. 8 Lathrop St is conveniently located in between Downtown Salem and Downtown Beverly right before the Beverly-Salem bridge also minutes away from Salem MBTA station making it a great commuter location for both students and professionals. Don't miss your chance to own this 4 unit investment property.

Listed by Brian Ortins, Alexander Sanchez and Sofia Vasconcelos of eXp Realty

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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171 Ocean Avenue W Salem MA 01970

Salem, MA171 Ocean Avenue W

Price$649,000

Est. Mortgage: $/month

Open House

MLS Number 73007429

  • MultiFamily
  • Next Open House: Sat 07/9 12:00 pm. to 2:00 pm.
  • Bedrooms 6
  • Bathroom 3
  • Square Feet 2,410

New multi to the market, perfect for investors or owner occupied! Two good sized rental units with additional finished space below grade. Unit 1 on the first floor has living room, kitchen, one bedroom and an additional room, fully applianced with washer and dryer. Unit 2 is second floor, updated kitchen, 3 bedrooms, living room and laundry. Partially finished basement has an additional 3 rooms and full bath. Nice lot with driveway and 1 car garage, parking up to 5 vehicles. Easy to maintain yard and each unit has separate back deck space. Siding and garage roof 6 years young. Convenient location situated between downtown and SSU with quick access to Rt. 107 and Rt 1A. Don't miss out, come see this property and imagine the possibilities!

Listed by Elizabeth Beaver of Armstrong Field Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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7 Watson Street Salem MA 01970

Salem, MA7 Watson Street

Price$638,900

Est. Mortgage: $/month

Price Changed

MLS Number 72984678

  • MultiFamily
  • Bedrooms 5
  • Bathroom 2
  • Square Feet 2,535
  • Property SubType Multi Family

2-Family House with the first floor unit consisting of 2 bedrooms and 1 bathroom, and the second unit consisting of 3 bedrooms and 1 bathroom spanning both the second and third floor. There is also a 300 sq ft area on the third floor that could be finished to increase the total square footage of the second unit, or with permission from building department, it could be used to convert the third floor space into an additional unit. Both units were completely renovated in 2013. Convenient to Commuter Rail, Downtown Salem, Dog Park, and 128.

Listed by Derek Greene of The Greene Realty Group

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$
%
$/month over payments
Federal 30-year interest rate: 5.7% last updated on Jun 30, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.