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    Salem, MA
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    Salem, MA Apartment Buildings for Sale

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    Historic Five-Residence Apartment Building
    Updated: Sep 20
    Historic Five-Residence Apartment Building

    393 Essex Street, Salem, MA 01970

    $1,875,000
    5,345 sqft
    Five residences, including one two‑bedroom first‑floor unit and four one‑bedroom apartments
    5,345 square feet on a property dating to 1775
    Renovated to the studs in 2022
    Three‑story Federal staircase, wainscoting, paneled walls, and original interior shutters
    Separate gas and electric meters, HVAC, and hot water for each unit
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    9-Unit Apartment Building
    Updated: Aug 12
    9-Unit Apartment Building

    364-366 Essex Street, Salem, MA 01970

    $2,200,000
    9,044 sqft 0.13 AC lot
    Nine‑unit configuration with one 2‑bedroom, five 1‑bedroom, one 2‑room studio, and two studio units
    7,033 square feet of gross living area within 9,044 square feet of gross area
    0.13‑acre parcel with four off‑street parking spaces
    Two‑building property at 364‑366 Essex Street in downtown Salem
    Oil‑powered heat and electric‑powered hot water provided by the landlord
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    Adjacent 3-Story Six-Unit Apartment Buildings
    Adjacent 3-Story Six-Unit Apartment Buildings

    5 Ropes Street, Salem, MA 01970

    Contact for pricing
    19,720 sqft

    Two adjacent 3-story six-unit buildings with surface parking, 6-bay garages, coin laundry, and separately metered utilities.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    21 Palmer St, Salem, MA 01970

    $1,999,000

    Three- and four-bedroom apartments with on-site laundry and storage support a practical residential income configuration.

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    Well-Maintained 6-Unit Multifamily
    Well-Maintained 6-Unit Multifamily

    33 Harbor Street, Salem, MA 01970

    $1,550,000

    Six-unit multifamily property with a recently upgraded boiler and coin-operated common-area laundry.

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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Salem, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Five-Unit Apartment Building
    Five-Unit Apartment Building

    19 Essex St, Beverly, MA 01915

    $1,400,000
    4,740 sqft

    A varied bedroom mix is paired with off-street tenant parking and access to Beverly’s central amenities.

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    Mixed-Use Retail and Apartments
    Mixed-Use Retail and Apartments

    7 WALLIS ST, Beverly, MA 01915

    Contact for pricing
    6,722 sqft

    Mixed-use building offers both retail space and residential units in Beverly, MA.

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    12-Unit Multifamily Property with Parking
    12-Unit Multifamily Property with Parking

    183-185 Chestnut Street, Lynn, MA 01902

    $2,565,000

    Two six-unit buildings offer all two-bedroom layouts and on-site parking in a transit-connected Lynn location.

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    Renovated Multifamily Building Near Transportation
    Renovated Multifamily Building Near Transportation

    207 Chestnut St, Lynn, MA 01902

    $2,999,000

    Newly renovated nine-unit building near transportation and local amenities.

    View details

    Salem, MA Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Salem, MA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 34,109 square feet of properties for sale, with an estimated market value of $7,624,000.

    Sale prices for two-family homes in Salem, MA start at $1,550,000, averaging $1,906,000, and reaching up to $2,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 44K
    Population Growth (5Y) +2.2%
    Median Household Income $85,189
    College Educated 35.2%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    01970 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.11%
    Property Tax per SF $33.59 per SF
    Tax Rate vs County Average 0.41 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

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