144 Salem St Boston, MA 02113
Other - Boston, MA
Property Features for 144 Salem St
General Information
- Property type
- Other
- Property subtype
- Quadruplex
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Storage
- Standard status
- Active
- APN
- W:03 P:02279 S:000,3365398
- Size
- 4,320 SF
- Lot size
- 0.03 Acres
Building Details
- Year built
- 1900
- Roof type
- Rubber
- Architectural style
- Other
Listing agent Valerie Post
Listing office Engel & Völkers Boston 46 Gloucester Street, Boston, MA (617) 936-4194
Listing date Jul 7, 2026
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 144 Salem St in Boston, MA 02113, in the North End area. The public remarks note proximity to Old North Church, Salem Street, and Prince Street.
The current configuration and renovation level make the building well-suited for an owner-operator or investor seeking a stabilized, turnkey multi-family asset. The listing states the building generates over $14,500 in monthly rental income and is offered for sale with a minimum 24 hours’ notice required for all showings.
Key Highlights
- Four‑unit building in Boston’s North End with over $14,500 in monthly rental income
- 4,000+ sq. ft. spread across four levels
- All units renovated with quartz countertops, updated kitchens and baths, new flooring, and stainless steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.3k | $37.80 |
| − Vacancy | −$7.3k | −$1.70 |
| EGI | $155.9k | $36.10 |
| − OpEx | −$46.8k | −$10.83 |
| NOI | $109.2k | $25.27 |
