Mixed-Use Building with
New
For Sale
$4,995,000
111 Salem Street, Boston, MA 02113
Three vacant apartments above a leased restaurant provide distinct residential and commercial components.
Property Size4,492 SF
Price / SF$1,110
Days on Market4
Property Features for 111 Salem Street
General Information
Standard status
Active
Size
4,492 SF
Elevators
Yes
Property subtype
4 Family - 4 Units Up/Down
Site & Location
Neighborhood
Charlestown
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,395
Building Details
Building Size
4,492 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Serhant
Listed By:
Cormier Collective Team
(617) 250-0559
Source:
Jonathanradford
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant
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Investment Insights
Based on property information with market context.
At 111 Salem Street, a 4,492-square-foot mixed-use property combines a street-level restaurant with three apartments above. The restaurant occupies three commercial levels, including a renovated, permitted food-preparation kitchen below grade and a private office and storage level. Walk-in refrigeration, upgraded electrical systems, and a service elevator with pallet lift connect the commercial spaces; a rear roll-up entrance serves deliveries. Building signage extends along both sides and projects over the sidewalk.
The restaurant is occupied under an NNN lease through December 2027. The residential portion consists of three vacant two-bedroom, one-bathroom apartments, each with air conditioning. Roof access is in place; a future roof deck would require feasibility review and necessary approvals. Recent work includes brick replacement and repointing at the front and rear, along with new gutters and drain pipes. Fire escape certification is dated September 1, 2026. The property is one block from Hanover Street in Boston’s North End.
The restaurant is occupied under an NNN lease through December 2027. The residential portion consists of three vacant two-bedroom, one-bathroom apartments, each with air conditioning. Roof access is in place; a future roof deck would require feasibility review and necessary approvals. Recent work includes brick replacement and repointing at the front and rear, along with new gutters and drain pipes. Fire escape certification is dated September 1, 2026. The property is one block from Hanover Street in Boston’s North End.
Key Highlights
- 4,492‑square‑foot mixed‑use property with restaurant and residential space
- Restaurant tenant holds an NNN lease through December 2027
- Three vacant two‑bedroom, one‑bathroom apartments, each with air conditioning
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,797
Businesses Nearby
Explore this area
Business Placement
Demographics for 02113, MA
7,126
Population
4,664
Households
1.5
Avg Household Size
29
Median Age
80%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
71,260
Density / Sq Mi
$110,321
Median Household Income
$72,264
Median Earnings
$2,498
Median Rent
$693,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three vacant apartments above a leased restaurant provide distinct residential and commercial components.
Where is this mixed-use property located?
The property is located at 111 Salem Street Boston, MA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 4,492‑square‑foot mixed‑use property with restaurant and residential space; Restaurant tenant holds an NNN lease through December 2027; Three vacant two‑bedroom, one‑bathroom apartments, each with air conditioning
