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    Salem, MA
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    Salem, MA Apartment Buildings for Sale

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    Well-Maintained 6-Unit Multifamily
    Updated: Jul 7
    Well-Maintained 6-Unit Multifamily

    33 Harbor Street, Salem, MA 01970

    $1,779,000
    6,345 sqft
    6‑unit multifamily property built in 1915
    Boiler system was recently upgraded
    Common areas include coin‑operated laundry with 2 washers and 2 dryers
    Well‑maintained property with potential for cosmetic improvements
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    This listing looks promising.

    Here's a quick look at some key insights for

    33 Harbor Street, Salem, MA 01970

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    • Est. Cap Rate

      5.4%
      NOI ÷ price

    • Est. NOI

      $96K
      Annual

    • Price @ 7% Cap

      $1.38M
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1915
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    Historic Seven-Unit Residential Building
    Updated: Jun 15
    Historic Seven-Unit Residential Building

    401 Essex, Salem, MA 01970

    $2,500,000
    4,997 sqft
    Historic brick seven‑family property built in 1815 in Salem’s McIntire District
    Unit mix: three 1‑bedroom units, one 2‑bedroom unit, and two 1‑plus‑bedroom units
    Renovated interiors with granite countertops, stainless steel appliances, new bathrooms, and updated electrical service
    Efficient Navien heating systems; tenants pay heat, hot water, and electric
    Off‑street parking for up to six vehicles
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    Six-Unit Residential Income Property
    Six-Unit Residential Income Property

    395 Essex, Salem, MA 01970

    $1,995,000
    5,212 sqft

    Six residential units with separate gas and electric meters, including one two-bedroom and four one-bedroom layouts.

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    Six-Unit Multifamily Investment
    Six-Unit Multifamily Investment

    19 Palmer Street, Salem, MA 01970

    $2,099,900
    7,044 sqft

    Six-unit residential income property with a 4/1-bedroom and 3/1-bedroom unit mix plus on-site laundry and storage.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Adjacent 6-Unit Apartment Buildings
    Adjacent 6-Unit Apartment Buildings

    8-10 & 5 Porter St Ct & Ropes Portfolio, Salem, MA 01970

    $4,200,000
    13,472 sqft

    Two adjacent 3-story, six-unit buildings offer separately metered utilities, on-site coin laundry, and parking with garages.

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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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    Historic Six-Unit Multifamily Building
    Historic Six-Unit Multifamily Building

    395 Essex, Salem, MA 01970

    $1,795,000

    Six apartments in a circa-1735 Georgian Colonial include updated gas heating and multiple original fireplaces.

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    Historic Brick Seven-Unit Building
    Historic Brick Seven-Unit Building

    401 Essex, Salem, MA 01970

    $2,310,000

    Seven residential units in a renovated 1815 brick building with off-street parking for up to six vehicles.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 8 Active listings in Salem, MA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    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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    Three-Story Six-Unit Apartment Building
    Three-Story Six-Unit Apartment Building

    133 Chestnut St, Lynn, MA 01902

    $1,600,000

    Six two-bedroom units in a three-story multifamily building with separate utility responsibility for heat and electricity.

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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.

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    Approved Condominium Development Opportunity
    Approved Condominium Development Opportunity

    55 Pulaski St, Peabody, MA 01960

    $3,250,000

    Approved 22-unit condominium project near Route 114 in Peabody.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Detached Two-Family Duplex
    Detached Two-Family Duplex

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Duplex on an R7a-zoned lot with three bedrooms per unit and a semi-finished basement with separate entrance.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Salem, MA Apartment Buildings Market Trends and Statistics

    Explore 8 apartment buildings for sale in Salem, MA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 56,790 square feet of properties for sale, with an estimated market value of $16,678,900.

    Sale prices for two-family homes in Salem, MA start at $1,779,000, averaging $2,382,700, and reaching up to $4,200,000 — 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 $3M

    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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