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    Salem, MA
    Apartment Building

    Salem, MA Apartment Buildings for Sale

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    Beverly, MA Peabody, MA Marblehead, MA Danvers, MA Swampscott, MA Lynn, MA Lynnfield, MA Hamilton, MA
    Six-Unit Apartment Building
    Updated: Oct 10
    Six-Unit Apartment Building

    2-4 Saunders Street, Salem, MA 01970

    $1,625,000
    5,795 sqft
    Six apartments: one one‑bedroom, four one‑bedroom‑plus‑office units, and one two‑bedroom, 1.5‑bath townhome
    8,792± square feet of total building area and 5,795± square feet of rentable living area
    Coin‑operated laundry and basement storage
    Within walking distance of public transportation, Salem Common, Downtown Salem, restaurants, and the waterfront
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    Historic Five-Residence Apartment Building
    Updated: Sep 22
    Historic Five-Residence Apartment Building

    393 Essex St, 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
    9-Unit Apartment Building

    364-366 Essex Street, Salem, MA 01970

    $2,200,000
    9,044 sqft 0.13 AC lot

    Two-building apartment property with a varied unit mix, off-street parking, and landlord-provided utilities.

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    See hot listings in Salem

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    6-Unit Italianate Apartment Building
    6-Unit Italianate Apartment Building

    2 Saunders Street, Salem, MA 01970

    Contact for pricing
    8,792 sqft

    The apartment mix includes one- and two-bedroom residences, with office space in several units.

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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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    5 active listings match your search: Apartment Building for sale in Salem, MA. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 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

    $1,300,000
    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 Property with Apartments
    Mixed-Use Property with Apartments

    46-48 Walnut Street, Peabody, MA 01960

    $2,750,000
    10,231 sqft

    Downtown mixed-use building combining first-floor commercial space with flexible residential occupancy above.

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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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    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.

    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 28,976 square feet of properties for sale, with an estimated market value of $7,250,000.

    Sale prices for apartment complexes in Salem, MA start at $1,550,000, averaging $1,812,500, 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 $2.2M

    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)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Essex County

    Residential Income

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Salem, MA

    • 01970

    Featured Salem Real Estate Agencies

    Realmo connects you with licensed Salem CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Tache Real Estate Inc.
    208 Derby Street Salem, MA 01970
    Phone: (978) 745-2004
    tache.com
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