6-8 Harmony St, Salem, MA 01970
- Added:
- Jun 8, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 17 at 12:06 am
Property Features for 6-8 Harmony St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking
- 5
- Standard status
- Active
- APN
- M:27 L:0046,2132982
- Size
- 3,162 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8624
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
Listing agent Keller Williams Realty Evolution
Listing office Keller Williams Realty Evolution 500 Cummings Center, Suite 1550, Beverly, MA (978) 927-8700
Listing date Jun 8, 2026
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Recently renovated two‑family home with Year Built 1910 in North Salem
- First‑floor unit: 2 bedrooms and 1 full bathroom with updated kitchen and bathroom
- Second‑floor unit: renovated kitchen and bathroom plus in‑unit washer and dryer
- Second‑floor features sun‑filled living spaces and gleaming hardwood floors
- Third floor includes additional unrenovated rooms for potential future expansion or customization
Overview
Located in North Salem, this property is positioned near major highways and public transportation, with access to parks, shopping, and local amenities. It is listed under R2 zoning and presents a single building option for those looking to buy in the Salem area.
This configuration can fit a range of buyers, including owner-occupants seeking rental income alongside a newly updated unit, or investors looking for two separate, renovated residences. With multiple completed interior upgrades and room for future work on the third-floor space, the home offers a practical blend of move-in-ready improvements and contractor-driven flexibility.
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 | $79.7k | $25.20 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $76.1k | $24.07 |
| − OpEx | −$22.8k | −$7.22 |
| NOI | $53.3k | $16.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Essex
- State
- Massachusetts
- Longitude
- -70.904314
- Latitude
- 42.527178
