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    Salem NH Multifamily Investment Opportunity Title is generated by Realmo AI

    78 School St, Salem, NH 03079

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    For Sale
    $1,500,000

    Well-maintained 8-unit apartment building with value-add potential.

    Type:Multifamily
    Added:
    Apr 1, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 1 at 11:48 am

    Property Features for 78 School St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1940

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    Listing Contact
    Brad Carlson
    Brad Carlson

    Listing agent Brad Carlson License #MA #9584876

    Listing office New England Realty Advisors LLC

    Listing date Apr 1, 2026

    Source Nerealtyadvisors

    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 New England Realty Advisors LLC

    HighLights

    • Two buildings with a total of 8 units on one lot
    • Ample off‑street parking (two cars per unit)
    • Value‑add opportunity through rent increases and unit updates
    • Additional income potential from renting out three garage units
    • Well‑maintained property with recent roof, window, and siding replacements
    • On‑site coin‑operated laundry

    Overview

    The School Street Apartments, located at 78 School St in Salem, NH, present an investment opportunity. This property comprises two buildings on a single lot. The first building, constructed in 1940, contains six apartments: four two-bedroom units and two studios. The second building, a duplex built in 1954, features two two-bedroom apartments. This is the first time this property has been on the market in 38 years. The buildings have been meticulously maintained, with roofs, windows, and siding replaced less than 10 years ago. Ample off-street parking is available, accommodating two cars per unit. A three-unit garage provides potential for additional rental income. On-site coin-operated laundry is located in the basement of the front building. Investors have the opportunity to increase value by raising rents to market rates and updating the units.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2138983
    Latitude
    42.7915671

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment building with value-add potential.
    Where is this apartment building located?
    The property is located at 78 School St Salem, NH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Two buildings with a total of 8 units on one lot; Ample off‑street parking (two cars per unit); Value‑add opportunity through rent increases and unit updates
    More about this property
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