Landmark Mixed-Use Building For
For Sale
$899,000
Pending
112 North St, Salem, MA 01970
Fully leased investment property near downtown and train station.
Property Size2,955 SF
Days on Market327
Property Features for 112 North St
General Information
Standard status
Pending
Size
2,955 SF
Total Parking Spaces
1
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$7,776
Building Details
Building Size
2,955 SF
Year Built
1890
Listing Agency:
Citylight Homes LLC
Listed By:
Steven Belesis · License #9510338
(978) 977-0050
Source:
Classifiedrealtygroup
Added: Nov 27, 2025
Changed: Oct 8
Last Checked: Oct 19 at 4:01AM
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 Citylight Homes LLC
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Investment Insights
Based on property information with market context.
This landmark mixed-use building is located on North Street, near downtown Salem and the Salem Train Station. The property is fully leased and offered as an investment property.
Key Highlights
- Landmark mixed‑use building.
- Fully leased investment property.
- Enjoy an 8% capitalization rate.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,839
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,780
$1.2M
Cap Rate 7%
$854,843
$854.8K
Cap Rate 9%
$664,878
$664.9K
Market Conditions
NOI Build-Up for 2,955 SF
Gross rent
$106.4K $36.00/SF
− Vacancy
−$10.6K −$3.60/SF
EGI
$95.7K $32.40/SF
− OpEx
−$35.9K −$12.15/SF
NOI
$59.8K $20.25/SF
Area
Essex County, MA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,780
Cap Rate 7%
$854,843
Cap Rate 9%
$664,878
Alternative Uses
Best Use
Mixed Use
$854.8K
$748.0K – $997.3K
NOI $59,839 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,454 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 01970, MA
44,451
Population
20,920
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
92%
High-School Grad
8.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$85,189
Median Household Income
$52,024
Median Earnings
$1,800
Median Rent
$497,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased investment property near downtown and train station.
Where is this mixed-use property located?
The property is located at 112 North St Salem, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Landmark mixed‑use building.; Fully leased investment property.; Enjoy an 8% capitalization rate.
